Progressive (NYSE: PGR) CIO sells 1,225 shares in planned trade
Rhea-AI Filing Summary
PROGRESSIVE CORP (PGR) reported that Chief Information Officer Steven Broz sold 1,225 shares of Progressive common stock on August 20, 2026 at a price of $219.40 per share in an open-market or private transaction. Following this sale, he directly holds 31,256.945 shares of Progressive common stock. The transaction was carried out pursuant to a Rule 10b5-1 trading plan adopted by Mr. Broz on February 19, 2026.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 1,225 shares
Net Sell
1 txn
Insider
Broz Steven
Role
Chief Information Officer
Sold
1,225 shs ($269K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common F1 | 1,225 | $219.40 | $269K |
Holdings After Transaction:
Common — 31,256.945 shares (Direct)
Footnotes (1)
- F1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of February 19, 2026.
Key Figures
Shares sold: 1,225 shares
Sale price per share: $219.40 per share
Shares owned after transaction: 31,256.945 shares
+1 more
4 metrics
Shares sold
1,225 shares
Common stock sale on August 20, 2026
Sale price per share
$219.40 per share
Common stock sale on August 20, 2026
Shares owned after transaction
31,256.945 shares
Direct ownership following August 20, 2026 sale
10b5-1 plan adoption date
February 19, 2026
Adoption date of trading plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Chief Information Officer
3 terms
Rule 10b5-1 trading plan regulatory
"transaction was made pursuant to a 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction market
"transaction code description is Sale in open market or private transaction"
Chief Information Officer other
"reporting person serves as Chief Information Officer"
A chief information officer (CIO) is a senior executive responsible for managing a company's technology and information systems. They ensure that technology supports the organization’s goals, much like a conductor coordinating an orchestra to create harmonious music. Investors care about CIOs because their decisions and strategies can influence a company's efficiency, security, and ability to adapt to new digital opportunities.
FAQ
What insider transaction did PGR disclose for Steven Broz?
PGR disclosed that Chief Information Officer Steven Broz sold 1,225 shares of Progressive common stock on August 20, 2026 in a sale reported as an open-market or private transaction at $219.40 per share.
Was the August 20, 2026 PGR insider sale under a 10b5-1 plan?
Yes. The filing states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Steven Broz on February 19, 2026.
What role does the insider in this PGR Form 4 hold at Progressive?
The reporting person, Steven Broz, serves as Chief Information Officer of Progressive, according to the Form 4 disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.