Progressive Insider to Sell 3,681 Shares as Insurance Stocks Face Market Pressure
Rhea-AI Filing Summary
Progressive Corporation (NYSE: PGR) has filed a Form 144 notice for the proposed sale of 3,681 shares of common stock with an aggregate market value of $958,643.20. The sale is planned to be executed through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of June 20, 2025.
The securities to be sold were acquired through two restricted stock vesting events:
- 2,624 shares acquired on April 12, 2024
- 1,057 shares acquired on April 11, 2025
Both acquisitions were received as compensation directly from the issuer. The filing indicates no other sales by the reporting person in the past three months. With Progressive's total shares outstanding at 586,223,643, this proposed sale represents a minimal portion of the company's total equity.
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