Progressive grants RSUs to Lori A. Niederst
Niederst Lori A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Niederst Lori A reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp (PGR) reported that Chief Personal Lines Officer Lori A. Niederst received a grant of 5.5490 Restricted Stock Units on July 10, 2026, through reinvested dividend equivalents. Each unit represents a contingent right to one common share and will vest at the same time as the related Restricted Stock Units.
Following this award, Niederst directly holds 12,753.3530 Restricted Stock Units in total. This is a compensation-related equity award, not an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5.549 shares
Grant/Award
1 txn
Insider
Niederst Lori A
Role
Chief Personal Lines Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 5.549 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 12,753.353 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 acquired: 5.5490 units
Total RSUs after transaction: 12,753.3530 units
Transaction price per unit: $0.0000
3 metrics
Restricted Stock Units acquired
5.5490 units
Compensation-related RSU grant on 2026-07-10 via dividend equivalents
Total RSUs after transaction
12,753.3530 units
Direct Restricted Stock Unit holdings for Lori A. Niederst following the grant
Transaction price per unit
$0.0000
RSU award from dividend equivalents with no cash paid per unit
Key Terms
Restricted Stock Unit, dividend equivalents, Expiration Date
3 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.
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) executive Lori A. Niederst report?
Lori A. Niederst, Chief Personal Lines Officer at Progressive, received a grant of 5.5490 Restricted Stock Units on July 10, 2026. These units arose from reinvested dividend equivalents and each represents a contingent right to receive one common share, vesting with related RSUs.
How many restricted stock units did Lori A. Niederst acquire in the latest PGR Form 4?
The report shows Niederst acquired 5.5490 Restricted Stock Units linked to Progressive common shares. The units were created through reinvestment of dividend equivalents and are scheduled to vest at the same time as the original Restricted Stock Units to which they relate.
What are Lori A. Niederst’s total Progressive (PGR) RSU holdings after this transaction?
After the July 10, 2026 award, Lori A. Niederst directly holds 12,753.3530 Restricted Stock Units. These units represent contingent rights to receive an equivalent number of Progressive common shares, subject to the applicable vesting schedules and other terms of the company’s equity compensation arrangements.
How were the new restricted stock units for Progressive (PGR) executive Lori A. Niederst created?
The 5.5490 Restricted Stock Units were acquired through reinvestment of dividend equivalents tied to existing RSUs. Instead of paying cash dividends, equivalent value was converted into additional RSUs that will vest simultaneously with the underlying Restricted Stock Units they are associated with.
Do Lori A. Niederst’s new Progressive (PGR) RSUs involve a cash purchase price?
No cash price was paid; the transaction price per unit is listed as $0.0000. The additional 5.5490 units reflect a compensation-related award from dividend equivalent reinvestment, rather than an open-market purchase of Progressive common shares for cash.
When will the newly acquired Progressive (PGR) restricted stock units vest for Lori A. Niederst?
The new 5.5490 Restricted Stock Units will vest at the same time as the Restricted Stock Units to which they relate. This means their vesting schedule is aligned with the underlying RSU grant that generated the associated dividend equivalents.
AI-generated analysis. How Rhea-AI works. Not financial advice.
