Progressive Corp (NYSE: PGR) CEO adds 13.158 RSUs via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progressive Corp President and CEO Susan Patricia Griffith received a grant/award acquisition of 13.1580 Restricted Stock Units on July 10, 2026, through reinvested dividend equivalents. Each unit represents a contingent right to one common share, and she now directly holds 30,239.7070 Restricted Stock Units subject to vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Griffith Susan Patricia
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 13.158 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 30,239.707 shares (Direct)
Footnotes (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.
Key Figures
RSUs granted: 13.1580 units
RSUs held after transaction: 30239.7070 units
Grant price per unit: $0.0000
+1 more
4 metrics
RSUs granted
13.1580 units
Restricted Stock Units acquired on July 10, 2026 via dividend equivalents
RSUs held after transaction
30239.7070 units
Total Restricted Stock Units directly held by CEO after the award
Grant price per unit
$0.0000
Stated transaction price per Restricted Stock Unit in the award
Derivative transactions reported
1 transaction
Number of derivative-type transactions disclosed in this Form 4
Key Terms
Restricted Stock Unit, dividend equivalents, contingent right, Expiration Date
4 terms
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"
Expiration Date financial
"Expiration Date is the same as the Date Exercisable"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did Progressive (PGR) report for CEO Susan Patricia Griffith?
CEO Susan Patricia Griffith acquired 13.1580 Restricted Stock Units on July 10, 2026. The units were granted through the reinvestment of dividend equivalents and represent contingent rights to Progressive common shares, rather than an open-market stock purchase.
How many Restricted Stock Units does the Progressive (PGR) CEO hold after this Form 4?
After the reported award, CEO Susan Patricia Griffith directly holds 30,239.7070 Restricted Stock Units. These RSUs each represent a contingent right to receive one Progressive common share upon vesting, as described in the filing’s footnotes.
What do the Restricted Stock Units granted to Progressive (PGR)’s CEO represent?
Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive’s stock. The units acquired through dividend equivalents will vest at the same time as the related RSUs, according to the footnote disclosure.
How were the new RSUs for Progressive (PGR)’s CEO generated?
The additional 13.1580 Restricted Stock Units were acquired upon the reinvestment of dividend equivalents. The filing states these units will vest at the same time as the Restricted Stock Units to which they relate, aligning their vesting schedule with existing awards.