Progressive Corp CFO awarded stock units
Quigg Andrew J reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Quigg Andrew J reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp’s VP and Chief Financial Officer Andrew J. Quigg received a grant of 5.292 Restricted Stock Units on July 10, 2026 through reinvested dividend equivalents. After this compensation-related award, he directly holds 12,162.480 Restricted Stock Units, each representing a contingent right to one common share.
Insider Trade Summary
Grant/Award: 5.292 shares
Grant/Award
1 txn
Insider
Quigg Andrew J
Role
VP and Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 5.292 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 12,162.48 contracts (Direct)
Holdings Before and After:
Restricted Stock Unit, 12,157.188 to 12,162.48 contracts (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2. 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.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
Restricted Stock Units granted: 5.2920 units
RSUs held after transaction: 12162.4800 units
Grant price per unit: 0.0000
+1 more
4 metrics
Restricted Stock Units granted
5.2920 units
Grant/award acquisition on July 10, 2026 via dividend equivalents
RSUs held after transaction
12162.4800 units
Total Restricted Stock Units directly held by the CFO following the award
Grant price per unit
0.0000
Compensation-related Restricted Stock Unit award with no cash paid per unit
Derivative transactions reported
1
Single derivative-type transaction involving Restricted Stock Units
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
"Each Restricted Stock Unit represents a contingent right to receive one Common Share"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progressive (PGR) CFO Andrew J. Quigg report?
Andrew J. Quigg reported receiving 5.292 Restricted Stock Units on July 10, 2026. These units were acquired via reinvested dividend equivalents and increase his direct holdings to 12,162.480 Restricted Stock Units, each linked to one common share.
Was the Progressive (PGR) CFO’s Form 4 transaction an open-market stock purchase?
No, the transaction was a grant of Restricted Stock Units, not an open-market purchase. The 5.292 units resulted from reinvested dividend equivalents and are part of equity compensation that will vest with the related Restricted Stock Units.
How many Restricted Stock Units does Progressive (PGR) CFO hold after this award?
Following the reported grant, the CFO directly holds 12,162.480 Restricted Stock Units. Each unit represents a contingent right to receive one common share, providing equity-based compensation that aligns his interests with Progressive shareholders over time.
What do the Restricted Stock Units reported by Progressive (PGR) CFO represent?
Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive. The 5.292 units reported were acquired through dividend equivalents and will vest at the same time as the related Restricted Stock Units.
How were the new Progressive (PGR) Restricted Stock Units for the CFO acquired?
The additional 5.292 Restricted Stock Units were acquired through the reinvestment of dividend equivalents. According to the disclosure, these units will vest concurrently with the underlying Restricted Stock Units to which they relate, reflecting routine equity compensation treatment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
