Progressive executive reports stock award vesting
Progressive Corp officer Lori A. Niederst, Chief Personal Lines Officer, reported equity compensation activity in common shares.
Rhea-AI Filing Summary
Progressive Corp officer Lori A. Niederst, Chief Personal Lines Officer, reported equity compensation activity in common shares. On 2026-07-24, 13,151.651 shares were issued upon vesting of performance-based restricted stock unit awards granted in 2023, including dividend equivalents. On the same date, 5,812 shares were withheld at $211.90 per share to satisfy tax obligations. She also reports indirect ownership of 209.599 common shares held through her husband's 401(k) plan.
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Insights
Analyzing...
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Niederst Lori A
Role
Chief Personal Lines Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common F1 | 13,151.651 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 5,812 | $211.90 | $1.23M |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 49,905.882 shares (Direct);
Common — 209.599 shares (Indirect, Husband's 401(k) Plan)
Footnotes (1)
- F1. These shares were issued pursuant to the vesting of performance-based restricted stock unit awards made in 2023, including dividend equivalents accrued since the grant date.
Key Figures
Shares vested from RSUs: 13151.6510 shares
Shares withheld for taxes: 5812.0000 shares
Withholding price per share: $211.9000 per share
+2 more
5 metrics
Shares vested from RSUs
13151.6510 shares
Common shares issued upon vesting of performance-based RSU awards made in 2023 on 2026-07-24
Shares withheld for taxes
5812.0000 shares
Common shares withheld with transaction code F to pay tax liability on 2026-07-24
Withholding price per share
$211.9000 per share
Price used for 5,812 withheld common shares under transaction code F
Indirect 401(k) holdings
209.5990 shares
Common shares held indirectly through husband's 401(k) Plan after reported transactions
Transaction date
2026-07-24
Date of the vesting and tax-withholding transactions in Progressive common stock
Key Terms
performance-based restricted stock unit awards, dividend equivalents, Husband's 401(k) Plan
3 terms
performance-based restricted stock unit awards financial
"These shares were issued pursuant to the vesting of performance-based restricted stock unit awards"
Performance-based restricted stock unit awards are promises to deliver company shares to employees or executives only if the company or individual hits specific performance targets over a set period. They behave like a conditional stock bonus: the recipient does not own the shares until the performance and any time-based vesting conditions are met. Investors watch these awards because they affect future share dilution, reveal how management pay is tied to results, and signal what metrics the company prioritizes.
dividend equivalents financial
"including dividend equivalents accrued since the grant date"
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.
Husband's 401(k) Plan financial
"total_shares_following_transaction 209.5990, nature_of_ownership Husband's 401(k) Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Progressive (PGR) report for Lori A. Niederst?
Lori A. Niederst reported vesting of 13,151.651 common shares from performance-based RSU awards granted in 2023, with 5,812 shares withheld at $211.90 per share to cover tax obligations, plus an indirect holding of 209.599 shares in her husband's 401(k).
Was the Progressive (PGR) Form 4 transaction a market sale or tax withholding?
The Form 4 shows an F-code transaction, meaning 5,812 shares were disposed of by withholding at $211.90 per share to pay a tax liability related to equity awards, rather than an open-market purchase or sale of shares by the officer.
What equity awards vested for Progressive (PGR) executive Lori A. Niederst?
Niederst received 13,151.651 common shares issued upon vesting of performance-based restricted stock unit awards granted in 2023. The vested amount includes dividend equivalents that accrued on the RSUs from the grant date through vesting on 2026-07-24.
What indirect Progressive (PGR) holdings are reported for Lori A. Niederst?
The Form 4 reports 209.599 common shares held indirectly through her husband's 401(k) Plan. This position is classified as indirect ownership, distinct from shares acquired or withheld in her own name on 2026-07-24.
AI-generated analysis. How Rhea-AI works. Not financial advice.
