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Progressive (NYSE: PGR) awards 337 RSUs to personal lines chief

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Niederst Lori A reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corporation reported that Chief Personal Lines Officer Lori A. Niederst received a grant of 337 Restricted Stock Units on July 20, 2026. Each unit represents a contingent right to one common share and will vest in three equal annual installments from January 2029 through January 2031, after which she directly holds 13,090.353 RSUs.

Positive

  • None.

Negative

  • None.
Insider Niederst Lori A
Role Chief Personal Lines Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit F1, F2, F3 337 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 13,090.353 shares (Direct)
Footnotes (3)
  1. F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
  2. F2. These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
  3. F3. Expiration Date is the same as the Date Exercisable.
RSUs granted 337 Restricted Stock Units Grant/award acquisition on July 20, 2026
RSU holdings after award 13090.353 Restricted Stock Units Total restricted stock units directly held following the transaction
Vesting installments 3 annual installments RSUs vest in equal installments in 2029, 2030, and 2031
First vesting date January 16, 2029 First one-third of the RSUs scheduled to vest
Second vesting date January 15, 2030 Second one-third of the RSUs scheduled to vest
Third vesting date January 21, 2031 Final one-third of the RSUs scheduled to vest
Transaction price per RSU $0.0000 per unit Reported transaction price for the RSU award
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.
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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Progressive (PGR) disclose for Lori A. Niederst?
Lori A. Niederst received an award of 337 Restricted Stock Units on July 20, 2026. Each unit represents a contingent right to one common share and will vest over three annual installments between 2029 and 2031, increasing her reported RSU holdings to 13,090.353 units.

How many Progressive (PGR) restricted stock units were granted and at what price?
The award consists of 337 Restricted Stock Units at a reported transaction price of $0.00 per unit. This reflects a compensation grant rather than an open-market purchase, with each unit delivering one common share upon vesting under the applicable plan and award agreement.

When do Lori A. Niederst’s new Progressive (PGR) RSUs vest?
The 337 RSUs vest in three equal annual installments in 2029, 2030, and 2031. Scheduled vesting dates are January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the governing plan and award agreement terms.

What is Lori A. Niederst’s total Progressive (PGR) RSU holding after this grant?
After the transaction, Lori A. Niederst is reported to directly hold 13,090.353 Restricted Stock Units. These units, each linked to one common share, reflect only this type of derivative equity and do not address any separate holdings not disclosed in this specific report.

Was the Progressive (PGR) RSU award to Lori A. Niederst under a Rule 10b5-1 plan?
The report indicates the transaction was not affirmed as made under a Rule 10b5-1 plan, as the corresponding checkbox is left unchecked. This characterizes the award as a reported equity grant rather than trading pursuant to a pre-arranged 10b5-1 trading plan.
SEC Form 4
FORM 4UNITED 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*
Niederst Lori A
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Personal Lines Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)07/20/2026A337 (2) (3)Common337$013,090.353D
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 will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
3. Expiration Date is the same as the Date Exercisable.
/s/ Allyson L. Bach, By Power of Attorney07/22/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR