Progressive (PGR) Commercial Lines President receives 965.906 RSUs in Form 4

Rhea-AI Filing Summary

Progressive Corp (PGR) insider filing shows an equity award for a senior executive. Commercial Lines President Karen Bailo acquired 965.906 Restricted Stock Units (RSUs) on January 8, 2026 at a price of $0 per unit. Each RSU represents a contingent right to receive one common share of Progressive's stock.

The filing states these RSUs were acquired through the reinvestment of dividend equivalents and will vest at the same time as the related RSUs. Following this transaction, Bailo beneficially owns 16,059.944 RSUs in total, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bailo Karen

Role Commercial Lines President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	965.906	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 16,059.944 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 Date Exercisable.

Form 4 Insider Transactions: What Each Field Means →

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^*

Bailo Karen

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

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)
	Commercial Lines President

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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

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

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

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)	01/08/2026		A		965.906		(2)	(3)	Common	965.906	$0	16,059.944	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 Date Exercisable.

	/s/ Allyson L. Bach, By Power of Attorney	01/12/2026
	** 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.

FAQ

What insider transaction did Progressive Corp (PGR) report for Karen Bailo?

The report shows that Commercial Lines President Karen Bailo acquired 965.906 Restricted Stock Units on January 8, 2026, classified under transaction code A (acquisition).

What does each Restricted Stock Unit represent in the PGR Form 4 filing?

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive Corp's stock, according to the footnotes.

How were the 965.906 Restricted Stock Units for PGR acquired?

The filing explains that the 965.906 units were acquired upon the reinvestment of dividend equivalents and will vest at the same time as the related RSUs.

What is Karen Bailo’s total RSU holding in PGR after this transaction?

After the reported acquisition, Karen Bailo beneficially owns 16,059.944 Restricted Stock Units in Progressive Corp, held in direct ownership.

Was there any cash paid for the Restricted Stock Units in this PGR insider transaction?

No cash was paid for these units; the transaction price per Restricted Stock Unit is reported as $0, reflecting that they were issued via dividend equivalent reinvestment.

How is the vesting of the newly acquired PGR Restricted Stock Units described?

The filing states that the newly acquired units will vest at the same time as the Restricted Stock Units to which they relate, and lists January 8, 2026 as both the date exercisable and expiration date.