Progressive CAO receives 751 restricted stock units

Joyce Carl G reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/25/2026 - 02:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Joyce Carl G reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp. disclosed that Chief Accounting Officer Carl G. Joyce received a grant of 751 Restricted Stock Units as compensation. Each unit represents a contingent right to one common share. These units will vest in three equal annual installments in 2029, 2030, and 2031, subject to earlier vesting or forfeiture under the plan and award agreement. Following this award, Joyce holds a total of 2,248.266 restricted stock units directly.

Insider Trade Summary

Grant/Award: 751 shares

Grant/Award 1 txn

Insider Joyce Carl G

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	751	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 2,248.266 contracts (Direct)

Holdings Before and After: Restricted Stock Unit, 1,497.266 to 2,248.266 contracts (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.

FAQ

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

What insider transaction did Progressive (PGR) report for Carl G. Joyce?

Progressive reported that Chief Accounting Officer Carl G. Joyce received a grant of 751 Restricted Stock Units. This is a compensation-related award, not an open-market stock purchase or sale, and increases his directly held restricted stock units to 2,248.266 after the transaction.

How many Restricted Stock Units did Progressive’s CAO receive in this Form 4?

The Chief Accounting Officer received 751 Restricted Stock Units. Each unit represents a contingent right to receive one common share of Progressive’s stock, awarded at no cash cost per unit as part of his compensation package described in the Form 4 filing.

When do Carl G. Joyce’s new Progressive (PGR) RSUs vest?

The 751 Restricted Stock Units vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031. Vesting remains subject to earlier vesting or forfeiture under Progressive’s equity plan and the related award agreement terms.

What is Carl G. Joyce’s total Progressive RSU holding after this grant?

After this grant, Carl G. Joyce directly holds 2,248.266 Restricted Stock Units. These RSUs each correspond to one common share upon settlement, reflecting his cumulative equity-based compensation position as reported in the current Form 4 insider filing.

Does this Progressive (PGR) Form 4 involve any stock sales or purchases?

No, the Form 4 shows a grant of 751 Restricted Stock Units coded as an acquisition under a grant or award. There are no open-market stock purchases or sales reported, only a compensation-related increase in derivative equity holdings for the Chief Accounting Officer.

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).

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^*

Joyce Carl G

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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)	03/24/2026		A		751		(2)	(3)	Common	751	$0	2,248.266	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 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/ Laurie F. Humphrey, By Power of Attorney	03/25/2026
	** 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)