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Progressive (NYSE: PGR) strategy & finance chief granted extra RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Progressive Corp. executive Andrew J. Quigg received 6.178 Restricted Stock Units (RSUs) tied to dividend reinvestment. These RSUs were acquired through reinvested dividend equivalents and each unit represents a contingent right to receive one common share of the company’s stock.

Following this award, Quigg directly holds a total of 12,157.188 RSUs, which will vest at the same time as the related RSU awards. This filing reflects a routine, compensation-related acquisition rather than an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Quigg Andrew J
Role Chief Strategy & Finance Manag
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 6.178 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 12,157.188 shares (Direct)
Footnotes (1)
  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.
RSUs acquired 6.178 units Restricted Stock Units from dividend equivalent reinvestment on 2026-04-10
Total RSUs after transaction 12,157.188 units Direct RSU holdings following the reported acquisition
Price per RSU $0.0000 Grant price per RSU for this compensation-related award
Underlying common shares 6.178 shares Common shares underlying the newly acquired RSUs
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
"These units, which were acquired upon the reinvestment of dividend equivalents, will vest"
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 →
SEC Form 4
FORM 4UNITED 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*
Quigg Andrew J
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Strategy & Finance Manag
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/10/2026A6.178 (2) (3)Common6.178$012,157.188D
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 Attorney04/14/2026
** Signature of Reporting PersonDate
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 did Progressive (PGR) executive Andrew J. Quigg report in this Form 4?

Andrew J. Quigg reported receiving 6.178 Restricted Stock Units through dividend reinvestment. These units are part of his equity compensation and increase his total RSU holdings to 12,157.188, all tied to future vesting in Progressive common shares.

Is Andrew J. Quigg buying or selling Progressive (PGR) stock in this filing?

He is not buying or selling stock on the open market. The Form 4 shows an acquisition of 6.178 Restricted Stock Units as a grant tied to dividend equivalents, which is a routine compensation-related award rather than a market transaction.

How many Restricted Stock Units does Andrew J. Quigg hold after this transaction in PGR?

After the transaction, Andrew J. Quigg holds 12,157.188 Restricted Stock Units directly. Each RSU represents a contingent right to receive one Progressive common share, subject to vesting conditions described in his underlying equity award agreements.

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

Each Restricted Stock Unit represents a contingent right to receive one Progressive common share. The actual shares are delivered only when the RSUs vest, so these units function as a form of deferred stock-based compensation for the executive.

Why did Andrew J. Quigg receive 6.178 additional RSUs from Progressive (PGR)?

He received 6.178 additional RSUs because dividend equivalents on existing RSUs were reinvested into new units. These new RSUs will vest at the same time as the original related RSU awards, maintaining alignment with the existing vesting schedule.

Do the new Progressive (PGR) RSUs for Andrew J. Quigg vest immediately?

The new RSUs do not vest immediately. The filing states that the 6.178 units acquired through dividend equivalent reinvestment will vest at the same time as the Restricted Stock Units to which they relate, following the original award’s vesting schedule.