Progressive (NYSE: PGR) exec sells 7,339 shares under plan
Rhea-AI Filing Summary
Progressive Corp (PGR) officer Lori A. Niederst, Chief Personal Lines Officer, reported selling 7,339 shares of common stock on 2026-08-13 at $209.29 per share in an open-market transaction. After this sale, she directly holds 42,566.882 shares and has 209.599 shares held indirectly through her husband's 401(k) plan. The sale was executed under a Rule 10b5-1 trading plan adopted on April 16, 2026.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 7,339 shares
Net Sell
2 txns
Insider
Niederst Lori A
Role
Chief Personal Lines Officer
Sold
7,339 shs ($1.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common F1 | 7,339 | $209.29 | $1.54M |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 42,566.882 shares (Direct);
Common — 209.599 shares (Indirect, Husband's 401(k) Plan)
Footnotes (1)
- F1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of April 16, 2026.
Key Figures
Shares sold: 7,339 shares
Sale price per share: $209.29 per share
Direct holdings after transaction: 42,566.882 shares
+2 more
5 metrics
Shares sold
7,339 shares
Common stock sale on 2026-08-13
Sale price per share
$209.29 per share
Price for the 7,339-share sale on 2026-08-13
Direct holdings after transaction
42,566.882 shares
Direct PGR common shares held after the sale
Indirect holdings
209.599 shares
Indirect ownership via husband's 401(k) plan
Transactions under Rule 10b5-1
1 transaction
Sale pursuant to trading plan adopted April 16, 2026
Key Terms
Rule 10b5-1 trading plan, indirect ownership, 401(k) Plan
3 terms
Rule 10b5-1 trading plan regulatory
"was made pursuant to a 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
indirect ownership financial
"ownership type marked as indirect via husband's 401(k) plan"
401(k) Plan financial
"nature of ownership listed as Husband's 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did PGR executive Lori A. Niederst report?
Lori A. Niederst reported a sale of 7,339 Progressive (PGR) common shares on 2026-08-13 at $209.29 per share. The transaction was described as an open-market or private sale and was executed under a Rule 10b5-1 trading plan.
Was Lori A. Niederst’s PGR stock sale under a Rule 10b5-1 plan?
Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted by Lori A. Niederst on April 16, 2026. A document-level checkbox also affirms Rule 10b5-1 plan usage.
What indirect Progressive (PGR) holdings does Lori A. Niederst report?
The Form 4 lists an indirect holding of 209.599 PGR shares through her husband's 401(k) plan. This position is reported separately from her direct ownership of 42,566.882 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.