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Progressive (PGR) Insider Files Form 144 to Sell 1,345 Common Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 filed for Progressive Corporation (PGR) reports a proposed sale of 1,345 shares of Common stock through Fidelity Brokerage Services, with an aggregate market value of $337,299.10 and an approximate sale date of 08/22/2025 on the NYSE. The filing states these shares were acquired through restricted stock vesting on 07/25/2025 and were issued as compensation. The filer previously sold three separate blocks of Common shares in the past three months—each of 1,267 shares—generating gross proceeds of $351,985.27, $329,901.46 and $313,633.18 on 05/23/2025, 06/20/2025 and 07/18/2025 respectively. The notice includes the standard signed representation that the seller is unaware of undisclosed material adverse information.

Positive

  • Compliance disclosure completed: Form 144 lists acquisition method, broker, share counts, aggregate market value and prior sales details
  • Shares acquired as compensation via restricted stock vesting: acquisition date and payment nature are disclosed (07/25/2025, Compensation)

Negative

  • None.

Insights

TL;DR: Routine insider sale of vested restricted shares; past monthly sales indicate ongoing liquidity events rather than a single large disposition.

The filing documents a planned sale of 1,345 Common shares acquired via restricted stock vesting on 07/25/2025, to be executed through Fidelity on 08/22/2025. Recent transactional history shows three prior sales of 1,267 shares each across May, June and July 2025 with meaningful gross proceeds per tranche. From an investor perspective, these are disclosed insider transactions required by Rule 144 and Rule 10b5-1 representations are included. There is no information in the filing about any undisclosed operational or financial developments affecting the issuer.

TL;DR: Compliance-focused filing documenting disposition of vested compensation shares; disclosure appears procedurally complete.

The notice specifies acquisition via restricted stock vesting and lists broker, share counts, proceeds and sale dates for recent transactions, satisfying standard disclosure elements. The signer affirms absence of undisclosed material adverse information and references plan adoption/instruction fields though no 10b5-1 plan date is provided. No red flags such as unexplained large divestitures or related-party transfers are present in the provided content.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 filed for PGR disclose?

The form discloses a proposed sale of 1,345 Common shares through Fidelity with an aggregate market value of $337,299.10 and an approximate sale date of 08/22/2025.

How were the shares being sold by the PGR filer acquired?

The shares were acquired via restricted stock vesting on 07/25/2025 and the nature of payment is listed as compensation.

Has the filer sold PGR shares recently?

Yes. The filer sold three tranches of 1,267 shares on 05/23/2025, 06/20/2025, and 07/18/2025, with gross proceeds of $351,985.27, $329,901.46, and $313,633.18 respectively.

Through which broker will the PGR shares be sold?

The filing lists Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917 as the broker of record.

Does the filing indicate any undisclosed material information about Progressive (PGR)?

The signer represents they do not know of any material adverse information not publicly disclosed; the filing contains no other statements about issuer operations.