Progressive (PGR) director Snyder reports phantom stock unit award

Rhea-AI Filing Summary

Progressive Corporation director Barbara R. Snyder reported an acquisition of derivative securities tied to company stock. On 01/08/2026, she received 1,347.1014 Phantom Stock Units at a price of $0 per unit, reflecting reinvestment of dividend equivalents under a company plan. Each unit represents 1-for-1 underlying common share value. After this transaction, she beneficially owned 22,398.0365 Phantom Stock Units in total, held directly. These units will be paid out in cash at a time elected by Snyder or at another time specified in accordance with the plan, rather than in shares.

01/12/2026 - 11:33 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Snyder Barbara R

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROGRESSIVE CORP/OH/ [ PGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Unit (rest. Stock)	$0(1)	01/08/2026		A		1,347.1014		(2)	(3)	Common	1,347.1014	$0	22,398.0365	D

Explanation of Responses:

1. 1 for 1

2. These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

3. Expiration Date is the same as Date Exercisable.

	/s/ Allyson L. Bach, By Power of Attorney	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Progressive (PGR) disclose for Barbara R. Snyder?

Progressive disclosed that director Barbara R. Snyder acquired 1,347.1014 Phantom Stock Units on 01/08/2026 at a price of $0 per unit.

What type of security did Barbara R. Snyder acquire in this Progressive (PGR) filing?

She acquired Phantom Stock Units , a derivative security that tracks the value of Progressive common stock on a 1-for-1 basis.

How many Phantom Stock Units does Barbara R. Snyder hold after this transaction in Progressive (PGR)?

After the reported transaction, Barbara R. Snyder beneficially owned 22,398.0365 Phantom Stock Units, all reported as held directly.

How were the new Phantom Stock Units for Barbara R. Snyder at Progressive (PGR) created?

The filing states that these units were acquired upon the reinvestment of dividend equivalents under a company plan.

Will Barbara R. Snyder receive Progressive (PGR) shares or cash for these Phantom Stock Units?

The units will be paid out in cash at the time elected by the reporting person or at another time determined in accordance with the plan.

What is Barbara R. Snyder’s relationship to Progressive (PGR)?

Barbara R. Snyder is identified in the filing as a director of Progressive Corporation and is not listed as an officer or 10% owner.