Progressive (PGR) awards 3,072 RSUs to CRM President Lori Niederst

Rhea-AI Filing Summary

Niederst Lori A reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp. reported a routine equity grant to CRM President Lori A. Niederst. She received 3,072 Restricted Stock Units, each representing one common share, as a compensation award with no cash paid. After this grant, she holds 12,741.326 restricted units directly. The RSUs will vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to the plan’s standard vesting and forfeiture provisions. The filing does not show any share sales, only this stock-based award that increases her equity exposure over time.

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
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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^*

Niederst Lori A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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)
			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
Restricted Stock Unit	(1)	03/24/2026		A		3,072		(2)	(3)	Common	3,072	$0	12,741.326	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 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.

3. Expiration Date is the same as Date Exercisable.

	/s/ Laurie F. Humphrey, By Power of Attorney	03/25/2026
	** 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)

FAQ

What did Progressive (PGR) disclose about Lori A. Niederst in this Form 4?

Progressive reported that CRM President Lori A. Niederst received 3,072 Restricted Stock Units as a stock-based compensation award. Each unit represents one common share, increasing her equity stake and aligning her compensation more closely with long-term shareholder value creation.

How many Restricted Stock Units did Progressive (PGR) grant to its CRM President?

Progressive granted Lori A. Niederst 3,072 Restricted Stock Units. These units convert one-for-one into common shares upon vesting, providing additional long-term incentive compensation that depends on her continued service and the company’s performance over the multi-year vesting schedule.

When do Lori A. Niederst’s new Progressive (PGR) RSUs vest?

The 3,072 RSUs vest in three equal annual installments in 2029, 2030, and 2031. Specifically, the scheduled vesting dates are January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the plan and award agreement.

Did Progressive’s CRM President sell any PGR shares in this Form 4 filing?

The filing shows no stock sales by Lori A. Niederst. It only reports a grant of 3,072 Restricted Stock Units at a price of $0.00 per unit, reflecting a compensation award rather than an open-market purchase or sale of Progressive common shares.

What is Lori A. Niederst’s Progressive (PGR) RSU position after this grant?

After receiving the new 3,072-unit grant, Lori A. Niederst directly holds 12,741.326 Restricted Stock Units. This figure reflects her total reported RSU position following the transaction, further tying a portion of her compensation to Progressive’s share performance over time.

What does each Progressive (PGR) Restricted Stock Unit represent for Lori A. Niederst?

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive stock. The units convert into shares only if vesting conditions are satisfied, meaning her ability to realize value depends on continued service and compliance with the plan terms.