Progressive (PGR) awards 1,443 Restricted Stock Units to CRM president
Rhea-AI Filing Summary
DAY HEATHER E reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp. reports that CRM President Heather E. Day received a grant of 1,443 Restricted Stock Units on July 20, 2026. Each unit represents a contingent right to receive one common share of the company’s stock. The units will vest in three equal annual installments in 2029, 2030, and 2031, subject to earlier vesting or forfeiture under the plan and award agreement, and this grant increases her directly held RSU balance to 5,587.936 units. The expiration date of the award is the same as the date the units first become exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAY HEATHER E
Role
CRM President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 1,443 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 5,587.936 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2. These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
RSUs granted: 1,443 units
RSU holdings after grant: 5,587.936 units
Vesting date 1: January 16, 2029
+3 more
6 metrics
RSUs granted
1,443 units
Restricted Stock Units granted to Heather E. Day on 2026-07-20
RSU holdings after grant
5,587.936 units
Directly held RSUs reported following the transaction
Vesting date 1
January 16, 2029
First of three equal annual vesting installments for the RSU award
Vesting date 2
January 15, 2030
Second of three equal annual vesting installments for the RSU award
Vesting date 3
January 21, 2031
Final equal annual vesting installment for the RSU award
Grant price per RSU
$0.0000 per unit
Reported transaction price per RSU for the award
Key Terms
Restricted Stock Unit, contingent right, Expiration Date, Date Exercisable
4 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.
contingent right financial
"represents a contingent right to receive one Common Share of the Company's stock"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Progressive (PGR) grant to Heather E. Day?
Progressive granted CRM President Heather E. Day 1,443 Restricted Stock Units on July 20, 2026. Each RSU represents a contingent right to receive one common share of Progressive’s stock, subject to the terms of the applicable plan and award agreement.
What is the vesting schedule for Heather E. Day’s new RSUs at Progressive (PGR)?
The 1,443 RSUs will vest in three equal annual installments. Vesting dates are January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the company’s equity plan and award agreement.
How many Restricted Stock Units does Heather E. Day hold after this Progressive (PGR) grant?
After the July 20, 2026 award, Heather E. Day holds 5,587.936 Restricted Stock Units directly. This total reflects the addition of 1,443 newly granted RSUs, as reported, and represents her post-transaction RSU balance in the filing.
What does each Restricted Stock Unit granted by Progressive (PGR) represent?
Each Restricted Stock Unit granted to Heather E. Day represents a contingent right to receive one common share of Progressive’s stock. Actual share delivery depends on satisfaction of vesting conditions and other terms in the company’s equity incentive plan and award agreement.
When do Heather E. Day’s new Progressive (PGR) RSUs expire?
For this award, the Expiration Date is the same as the Date Exercisable. This means the units’ expiration is aligned with the point at which they first become exercisable, as specified in the plan and individual award documentation.
Was Heather E. Day’s RSU grant at Progressive (PGR) made under a Rule 10b5-1 plan?
The filing shows the Rule 10b5-1 checkbox as not selected. This indicates the reported grant of 1,443 RSUs was not affirmatively reported as made under a Rule 10b5-1 trading plan on this form.