Progressive director sells 7,000 shares in open trade
Progressive Corporation director Jeffrey D. Kelly reported an open-market sale of 7,000 Common shares at a weighted average price of $216.3316 per share.
Accepted by SEC EDGAR
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Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Progressive Corporation director Jeffrey D. Kelly reported an open-market sale of 7,000 Common shares at a weighted average price of $216.3316 per share. The trade occurred in multiple transactions between $216.08 and $216.72 per share. After the sale, he directly holds 22,546 shares.
Insider Trade Summary
Net Seller: 7,000 shares
Net Sell
1 txn
Insider
KELLY JEFFREY D
Role
Director
Sold
7,000 shs ($1.51M)
Share of Position Sold
23.7%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common | 7,000 | $216.3316 | $1.51M |
Holdings After Transaction:
Common — 22,546 shares (Direct)
Holdings Before and After:
Common, 29,546 to 22,546 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (1)
- F1. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $216.08 and $216.72, inclusive. The reporting person undertakes to provide to The Progressive Corporation, any security holder of The Progressive Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 7,000 shares
Weighted average sale price: $216.3316 per share
Post-transaction holdings: 22,546 shares
+2 more
5 metrics
Shares sold
7,000 shares
Open-market sale of common stock
Weighted average sale price
$216.3316 per share
Price for 7,000 shares sold
Post-transaction holdings
22,546 shares
Common shares directly owned after sale
Price range of trades
$216.08–$216.72 per share
Range for multiple sale transactions
Net shares sold
7,000 shares
Net selling activity in this Form 4
Key Terms
open-market sale, weighted average price, Form 4, Common
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"This Form 4 includes one non-derivative transaction in common stock."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common financial
"security_title: "Common""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progressive (PGR) director Jeffrey D. Kelly report?
Jeffrey D. Kelly reported selling 7,000 shares of Progressive common stock in an open-market transaction. The sale was disclosed on a Form 4 insider report, which shows changes in his direct ownership position in the company.
What type of transaction is shown in this Progressive (PGR) Form 4 filing?
The filing reports an open-market sale coded as “S” for common stock. This indicates Kelly sold shares on the market or in a private transaction, rather than receiving them as compensation or through option exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
