Progressive CEO reports stock grant and share withholding
Progressive Corporation President and CEO Susan Patricia Griffith reported equity compensation and related share withholding on July 24, 2026.
Rhea-AI Filing Summary
Progressive Corporation President and CEO Susan Patricia Griffith reported equity compensation and related share withholding on July 24, 2026. She acquired 133,595.025 shares of common stock upon vesting of performance-based restricted stock units granted in 2023, including dividend equivalents. To satisfy related obligations, 58,919 shares of common stock were withheld at $211.90 per share. She also reported indirect holdings of common stock through a 401(k) plan, her spouse’s account, and a spouse’s trust. The filing indicates these transactions were not executed under a Rule 10b5-1 trading plan.
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Insights
Analyzing...
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Griffith Susan Patricia
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common F1 | 133,595.025 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 58,919 | $211.90 | $12.48M |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common F2 | -- | -- | -- |
Holdings After Transaction:
Common — 560,113.572 shares (Direct);
Common — 16,788.481 shares (Indirect, 401(k) Plan);
Common — 19,108 shares (Indirect, Husband's Common);
Common — 53,737.096 shares (Indirect, Husband's Trust)
Footnotes (2)
- F1. These shares were issued pursuant to the vesting of performance-based restricted stock unit awards made in 2023, including dividend equivalents accrued since the grant date.
- F2. Held in a trust for the benefit of reporting person's spouse.
Key Figures
Shares acquired via RSU vesting: 133,595.025 shares
Shares withheld for obligations: 58,919 shares
Withholding price per share: $211.9000 per share
+3 more
6 metrics
Shares acquired via RSU vesting
133,595.025 shares
Common stock issued on July 24, 2026 from 2023 performance-based RSU awards including dividend equivalents
Shares withheld for obligations
58,919 shares
Common stock withheld on July 24, 2026 to pay exercise price or tax liabilities
Withholding price per share
$211.9000 per share
Per-share value for the 58,919 withheld shares of common stock
Indirect 401(k) holdings
16,788.481 shares
Indirect ownership of Progressive common stock in a 401(k) Plan as of July 24, 2026
Husband’s common holdings
19,108.0000 shares
Indirect ownership in husband’s common stock account as of July 24, 2026
Husband’s trust holdings
53,737.0960 shares
Indirect ownership held in a trust for the benefit of the reporting person’s spouse
Key Terms
performance-based restricted stock unit awards, dividend equivalents, Rule 10b5-1 trading plan, indirect ownership, +1 more
5 terms
performance-based restricted stock unit awards financial
"issued pursuant to the vesting of performance-based restricted stock unit awards"
Performance-based restricted stock unit awards are promises to deliver company shares to employees or executives only if the company or individual hits specific performance targets over a set period. They behave like a conditional stock bonus: the recipient does not own the shares until the performance and any time-based vesting conditions are met. Investors watch these awards because they affect future share dilution, reveal how management pay is tied to results, and signal what metrics the company prioritizes.
dividend equivalents financial
"including dividend equivalents accrued since the grant date"
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.
Rule 10b5-1 trading plan financial
"indicates these transactions were not executed under a Rule 10b5-1 trading plan"
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.
indirect ownership financial
"She also reported indirect holdings of common stock through a 401(k) plan"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock award did Progressive (PGR) CEO Susan Patricia Griffith report?
Susan Patricia Griffith reported receiving 133,595.025 shares of Progressive common stock on July 24, 2026. These were issued upon vesting of performance-based restricted stock unit awards granted in 2023, including dividend equivalents accrued since the grant date.
Were Progressive (PGR) CEO Susan Griffith’s July 24, 2026 transactions under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the data indicate the transactions were not executed pursuant to a Rule 10b5-1 trading arrangement, making them discretionary rather than pre-programmed under that rule.
What indirect Progressive (PGR) holdings does Susan Griffith report after these transactions?
Susan Griffith reports indirect ownership of Progressive common stock including 16,788.481 shares in a 401(k) Plan, 19,108 shares in her husband’s account, and 53,737.096 shares in her husband’s trust, all as of July 24, 2026.
What type of equity awards vested for Progressive (PGR) CEO Susan Griffith?
The vested awards were performance-based restricted stock unit awards granted in 2023. The 133,595.025 shares issued include dividend equivalents that had accrued since the original grant date, increasing the total shares delivered upon vesting.
What is the role of Susan Patricia Griffith at Progressive (PGR) as referenced in this filing?
Susan Patricia Griffith is identified as President and CEO of Progressive Corporation and also a director. The reported equity grant and share withholding transactions relate to her position as a senior executive receiving performance-based stock compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
