Progressive Corp (NYSE: PGR) president gets new RSU and deferred units

Rhea-AI Filing Summary

Progressive Corp Personal Lines President Patrick K. Callahan received compensation-related equity awards, acquiring 42.837 deferred compensation units and 6.687 Restricted Stock Units on 2026-07-10 through reinvested dividend equivalents. Each RSU represents a contingent right to receive one common share, while deferred comp units are paid in cash under the plan. After these awards, he holds 98302.7350 deferred compensation units and 15368.4220 RSUs directly, with no open-market stock purchases or sales described.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Callahan Patrick K

Role Personal Lines President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	6.687	$0.00	--
Grant/Award	Deferred Comp Unit	42.837	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 15,368.422 shares (Direct); Deferred Comp Unit — 98,302.735 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. 1 for 1 These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

Key Figures

Deferred comp units granted: 42.8370 units RSUs granted: 6.6870 units Deferred comp units after award: 98302.7350 units +1 more

4 metrics

Deferred comp units granted 42.8370 units Grant, award, or other acquisition on 2026-07-10

RSUs granted 6.6870 units Grant, award, or other acquisition on 2026-07-10

Deferred comp units after award 98302.7350 units Total deferred compensation units held directly after transactions

RSUs after award 15368.4220 units Total Restricted Stock Units held directly after transactions

Key Terms

Restricted Stock Unit, Deferred Comp Unit, dividend equivalents, contingent right

4 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.

Deferred Comp Unit financial

"security_title: Deferred Comp Unit for a derivative award"

dividend equivalents financial

"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

"Restricted Stock Unit represents a contingent right to receive one Common Share"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/14/2026 - 10:51 AM Accepted by SEC EDGAR 07/14/2026 - 10:50 AM Learn about SEC filing dates

FAQ

What transactions did Progressive Corp (PGR) report for Patrick K. Callahan?

Patrick K. Callahan acquired 42.837 deferred compensation units and 6.687 Restricted Stock Units on 2026-07-10. Both awards came from reinvested dividend equivalents under company plans, not from open-market stock purchases or sales.

What are the Restricted Stock Units reported for PGR executive Patrick K. Callahan?

The reported 6.687 Restricted Stock Units each represent a contingent right to receive one common share of Progressive Corp stock. These units stem from dividend-equivalent reinvestments and vest at the same time as the related underlying Restricted Stock Units.

How many deferred compensation units does Patrick K. Callahan hold at Progressive Corp (PGR)?

Following the latest award, Patrick K. Callahan holds 98302.7350 deferred compensation units. The newly acquired 42.837 units were credited through reinvestment of dividend equivalents and will be paid out in cash in accordance with the applicable plan terms.

How many Restricted Stock Units does Patrick K. Callahan now hold at PGR?

After the July 2026 award, Patrick K. Callahan directly holds 15368.4220 Restricted Stock Units. The additional 6.687 units resulted from dividend-equivalent reinvestments and will vest at the same time as the underlying Restricted Stock Units they track.

Did the Progressive Corp (PGR) insider activity involve any open-market trades?

The reported activity for Patrick K. Callahan shows no open-market stock purchases or sales. All transactions reflect grant or award acquisitions of deferred compensation units and Restricted Stock Units generated by reinvested dividend equivalents within company compensation plans.

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^*

Callahan Patrick K

(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)
	Personal Lines President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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)	07/10/2026		A		6.687		(2)	(3)	Common	6.687	$0	15,368.422	D
Deferred Comp Unit	(4)	07/10/2026		A		42.837		(5)	(3)	Common	42.837	$0	98,302.735	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.

4. 1 for 1

5. These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

	/s/ Allyson L. Bach, By Power of Attorney	07/14/2026
	** 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)