Progressive (NYSE: PGR) CMO receives 3.948 new Restricted Stock Units

Rhea-AI Filing Summary

Progressive Corp (PGR) Chief Marketing Officer Maribel Pumarejo received a grant of 3.948 Restricted Stock Units on April 10, 2026. Each unit represents a contingent right to one common share. These units were acquired through dividend equivalent reinvestment and will vest at the same time as the related Restricted Stock Units. Following this grant, she holds a total of 7,768.653 Restricted Stock Units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pumarejo Maribel

Role Chief Marketing Oficer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	3.948	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 7,768.653 shares (Direct)

Footnotes (1)

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: 3.948 units Total RSUs after grant: 7,768.653 units RSU-to-share ratio: 1:1

3 metrics

RSUs granted 3.948 units Restricted Stock Units acquired April 10, 2026 via dividend equivalents

Total RSUs after grant 7,768.653 units Directly held Restricted Stock Units following the reported transaction

RSU-to-share ratio 1:1 Each Restricted Stock Unit represents one common share upon vesting

Key Terms

Restricted Stock Unit, dividend equivalents, contingent right

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.

contingent right financial

"represents a contingent right to receive one Common Share of the Company's stock"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pumarejo Maribel

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OHIO 44143

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROGRESSIVE CORP/OH/ [ PGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Marketing Oficer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	04/10/2026		A		3.948		(2)	(3)	Common	3.948	$0	7,768.653	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.

2. 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.

3. Expiration Date is the same as the Date Exercisable.

	/s/ Allyson L. Bach, By Power of Attorney	04/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Progressive (PGR) executive Maribel Pumarejo report in this Form 4?

Maribel Pumarejo reported receiving 3.948 Restricted Stock Units as an acquisition. The units were credited on April 10, 2026 through dividend equivalent reinvestment and increase her directly held Restricted Stock Unit balance to 7,768.653 units.

How many Restricted Stock Units does the Progressive (PGR) CMO now hold?

After this transaction, Progressive’s Chief Marketing Officer, Maribel Pumarejo, holds 7,768.653 Restricted Stock Units directly. This total reflects the addition of 3.948 units acquired via dividend equivalent reinvestment tied to an existing Restricted Stock Unit award.

What does each Restricted Stock Unit represent for Progressive (PGR)?

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive’s stock. The units convert into shares only upon vesting, aligning executive compensation with shareholder value over the applicable vesting period.

How were the new Progressive (PGR) Restricted Stock Units acquired?

The 3.948 new Restricted Stock Units were acquired through reinvestment of dividend equivalents. Instead of paying cash dividends, equivalent value was used to credit additional units that will vest alongside the original Restricted Stock Unit grant.

When will the newly acquired Progressive (PGR) Restricted Stock Units vest?

The 3.948 Restricted Stock Units obtained through dividend equivalent reinvestment will vest at the same time as the underlying Restricted Stock Units they relate to. Their vesting schedule is therefore tied directly to the terms of the original award.