Progressive executive sells 3,517 shares at $212

Progressive Corporation executive Karen Bailo reported an open-market sale of company stock.

Accepted by SEC EDGAR 03/09/2026 - 01:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Progressive Corporation executive Karen Bailo reported an open-market sale of company stock. As Commercial Lines President, she sold 3,517 shares of Progressive common stock at $212 per share on March 5, 2026, in a planned transaction under a Rule 10b5-1 trading plan. After this sale, she directly owns 32,347.698 Progressive shares.

Insider Trade Summary

Net Seller: 3,517 shares

Net Sell 1 txn

Insider Bailo Karen

Role Commercial Lines President

Sold 3,517 shs ($746K)

Share of Position Sold 9.8%

Type	Security	Shares	Price	Value
Sale	Common	3,517	$212.00	$746K

Holdings After Transaction: Common — 32,347.698 shares (Direct)

Holdings Before and After: Common, 35,864.698 to 32,347.698 shares (Direct)

Other Insiders: 3 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

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 November 20, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Progressive (PGR) executive Karen Bailo report in her latest Form 4 filing?

Karen Bailo reported an open-market sale of Progressive common stock. She sold 3,517 common shares at a price of $212 per share and remains a direct shareholder in the company with 32,347.698 shares following the transaction disclosed in the Form 4.

How many Progressive (PGR) shares did Karen Bailo sell and at what price?

Karen Bailo sold 3,517 Progressive common shares at $212 per share. The transaction was classified as an open-market sale and reported as a non-derivative transaction, reflecting a direct reduction in her personally held Progressive share balance as Commercial Lines President.

How many Progressive (PGR) shares does Karen Bailo hold after the reported sale?

After the reported transaction, Karen Bailo directly holds 32,347.698 Progressive common shares. This figure reflects her remaining direct ownership following the open-market sale of 3,517 shares that was disclosed in the Form 4 insider transaction filing for Progressive Corporation.

Was Karen Bailo’s Progressive (PGR) stock sale a direct ownership transaction?

Yes, the Form 4 shows the transaction as directly owned stock. The 3,517 Progressive common shares were sold from her direct holdings, and after the sale she directly owns 32,347.698 shares, with the ownership type reported as “D” for direct in the filing.

What is notable about the trading plan mentioned in Karen Bailo’s Progressive (PGR) Form 4?

The filing notes the sale occurred under a Rule 10b5-1 trading plan adopted by Karen Bailo on November 20, 2025. Such plans preset trading instructions, allowing executives to systematically sell shares, helping separate routine portfolio management from discretionary timing decisions.

What role does Karen Bailo hold at Progressive (PGR) according to the Form 4?

Karen Bailo is identified as an officer of Progressive, serving as Commercial Lines President. This role classification in the Form 4 highlights that the reported open-market sale of 3,517 common shares was made by a senior operating executive within the company’s leadership structure.

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

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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).

X

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^*

Bailo Karen

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

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)
	Commercial Lines President

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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

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

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
Common	03/05/2026		S(1)		3,517	D	$212	32,347.698	D

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

Explanation of Responses:

1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of November 20, 2025.

	/s/ Allyson L. Bach, By Power of Attorney	03/09/2026
	** 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.
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