Progressive (NYSE: PGR) CEO adds 15.363 RSUs from dividend equivalents

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Progressive Corporation President and CEO Susan Patricia Griffith reported a compensation-related stock transaction. She acquired 15.363 Restricted Stock Units on April 10, 2026, reflecting the reinvestment of dividend equivalents into additional units that mirror existing awards.

Each Restricted Stock Unit represents a contingent right to receive one Common Share of Progressive’s stock. Following this grant, Griffith holds a total of 30,226.549 Restricted Stock Units directly. These new units will vest at the same time as the related Restricted Stock Units and involve no open-market buying or selling.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Griffith Susan Patricia

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	15.363	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 30,226.549 shares (Direct)

Footnotes (1)

Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate. Expiration Date is the same as the Date Exercisable.

Key Figures

RSUs granted: 15.363 units RSU holdings after transaction: 30,226.549 units RSU-to-share ratio: 1 unit = 1 share

3 metrics

RSUs granted 15.363 units Restricted Stock Units acquired April 10, 2026 via dividend equivalents

RSU holdings after transaction 30,226.549 units Total Restricted Stock Units directly held by CEO after grant

RSU-to-share ratio 1 unit = 1 share Each Restricted Stock Unit represents one Common Share of stock

Key Terms

Restricted Stock Unit, dividend equivalents, contingent right

3 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit represents a contingent right to receive one Common Share"

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

"acquired upon the reinvestment of dividend equivalents, will vest at the same time"

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.

contingent right financial

"represents a contingent right to receive one Common Share of the Company's stock"

Form 4 Insider Transactions: What Each Field Means →

04/14/2026 - 11:09 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Griffith Susan Patricia

(Last)

(First)

(Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE

OHIO

44143

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	04/10/2026		A		15.363		⁽²⁾	⁽³⁾	Common	15.363	$0	30,226.549	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.

2. These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate.

3. Expiration Date is the same as the Date Exercisable.

	/s/ Allyson L. Bach, By Power of Attorney	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Progressive (PGR) report for CEO Susan Patricia Griffith?

Progressive reported that CEO Susan Patricia Griffith acquired 15.363 Restricted Stock Units on April 10, 2026. The units arose from reinvested dividend equivalents tied to existing awards and involve no open-market stock purchase or sale activity.

How many Restricted Stock Units does the Progressive (PGR) CEO hold after this Form 4?

After this transaction, CEO Susan Patricia Griffith holds 30,226.549 Restricted Stock Units directly. Each unit represents a contingent right to receive one Common Share of Progressive’s stock, providing equity-based compensation aligned with shareholders.

Was cash paid or received in the Progressive (PGR) CEO’s latest Form 4 transaction?

No cash changed hands in this transaction. The 15.363 Restricted Stock Units were acquired through reinvestment of dividend equivalents, meaning dividends on existing awards were converted into additional units instead of being paid out in cash.

What does each Restricted Stock Unit represent for Progressive (PGR) insiders?

Each Restricted Stock Unit represents a contingent right to receive one Common Share of Progressive’s stock. The units typically vest over time or upon meeting conditions, aligning executive compensation with long-term shareholder value and company performance.

How will the new Restricted Stock Units for Progressive (PGR) CEO vest?

The 15.363 new Restricted Stock Units will vest at the same time as the related Restricted Stock Units that generated the dividend equivalents. This keeps all associated units on a consistent vesting schedule tied to the original award’s terms.