Progressive CRM chief reports initial share holdings
Progressive Corp (PGR) executive Heather E. Day, CRM President, filed an initial ownership report showing her direct equity stake in the company.
Rhea-AI Filing Summary
Progressive Corp (PGR) executive Heather E. Day, CRM President, filed an initial ownership report showing her direct equity stake in the company. She holds 17,420.008 Common shares and 4,143.133 time-based Restricted Stock Units (RSUs), each RSU representing a contingent right to receive one Common Share. The RSUs were granted between 2022 and 2026 and include accrued dividend equivalents. According to the vesting schedule, installments are scheduled for January of 2027, 2028, 2029, 2030 and 2031, with specific tranches of 1,322.286; 1,027.948; 894.304; 572.429; and 326.166 units, subject to the terms of the applicable plans and potential earlier vesting or forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DAY HEATHER E
Role
CRM President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 4,143.133 contracts (Direct);
Common — 17,420.008 shares (Direct)
Footnotes (3)
- F1. Represents time-based restricted stock units granted to the reporting person by the issuer between 2022 and 2026 plus accrued dividend equivalents since the grant date. Subject to the terms of the applicable plan and award agreements, each award vests in three roughly equal installments in the third, fourth and fifth January following the date of grant, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement. The following number of units are scheduled to vest on the following dates: 1/19/2027 - 1,322.286; 1/18/2028 - 1,027.948; 1/16/2029 - 894.304; 1/15/2030 - 572.429; and 1/21/2031 - 326.166.
- F2. Expiration Date is the same as the Date Exercisable.
- F3. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
Key Figures
Direct Common share holdings: 17,420.008 shares
Restricted Stock Units: 4,143.133 units
RSU tranche vesting 1/19/2027: 1,322.286 units
+3 more
6 metrics
Direct Common share holdings
17,420.008 shares
Common stock held directly as reported on Form 3
Restricted Stock Units
4,143.133 units
Time-based RSUs granted 2022–2026 plus dividend equivalents
RSU tranche vesting 1/19/2027
1,322.286 units
Scheduled RSU vesting installment on January 19, 2027
RSU tranche vesting 1/18/2028
1,027.948 units
Scheduled RSU vesting installment on January 18, 2028
RSU tranche vesting 1/16/2029
894.304 units
Scheduled RSU vesting installment on January 16, 2029
RSU tranches 2030–2031
572.429 and 326.166 units
Scheduled vesting on January 15, 2030 and January 21, 2031
Key Terms
Restricted Stock Unit, dividend equivalents, Expiration Date, Date Exercisable, +1 more
5 terms
Restricted Stock Unit financial
"Represents time-based restricted stock units granted to the reporting person by the issuer between 2022 and 2026 plus accrued dividend equivalents"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"granted to the reporting person by the issuer between 2022 and 2026 plus accrued dividend equivalents since the grant date"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Expiration Date financial
"Expiration Date is the same as the Date Exercisable."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Date Exercisable financial
"Expiration Date is the same as the Date Exercisable."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Progressive (PGR) executive Heather E. Day report in this Form 3?
Heather E. Day reported her initial ownership as CRM President, including 17,420.008 Common shares and 4,143.133 Restricted Stock Units. This filing establishes her current equity position with Progressive without disclosing any new buy or sell transactions.
What Restricted Stock Units does Heather E. Day hold in Progressive (PGR)?
She holds 4,143.133 time-based Restricted Stock Units, each representing a contingent right to receive one Common Share. These RSUs were granted between 2022 and 2026 and include accrued dividend equivalents since the grant dates, subject to plan and award terms.
When are Heather E. Day’s Progressive (PGR) RSUs scheduled to vest?
The RSUs are scheduled to vest in tranches each January from 2027 through 2031. Specific installments are 1,322.286 units in 2027, 1,027.948 in 2028, 894.304 in 2029, 572.429 in 2030, and 326.166 in 2031, subject to plan conditions.
Does this Progressive (PGR) Form 3 show any insider buying or selling by Heather E. Day?
This Form 3 does not report any buy or sell transactions; it only lists existing holdings. The filing details her direct ownership of Common shares and RSUs, serving as an initial baseline rather than recording new market trades or option exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
