[Form 4] PROGRESSIVE CORP/OH/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pumarejo Maribel reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp (PGR) reported a compensation-related equity grant to a senior executive. Chief Marketing Officer Maribel Pumarejo received 2,682 Restricted Stock Units, each representing a contingent right to one common share. Following this award, she holds 7,764.705 RSUs. These units are scheduled to vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to the plan and award agreement terms, including potential earlier vesting or forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pumarejo Maribel
Role
Chief Marketing Oficer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,682 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 7,764.705 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. 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. Expiration Date is the same as the Date Exercisable.
FAQ
What insider transaction did Progressive Corp (PGR) disclose for Maribel Pumarejo?
Progressive disclosed that Chief Marketing Officer Maribel Pumarejo received 2,682 Restricted Stock Units as an equity award. Each unit represents a contingent right to one common share, increasing her total RSU holdings to 7,764.705 units after the transaction.
What are the terms of the Restricted Stock Units granted to PGR executive Maribel Pumarejo?
The grant consists of 2,682 Restricted Stock Units, each linked to one common share. These units vest in three equal annual installments in 2029, 2030, and 2031, and remain subject to earlier vesting or forfeiture under the company’s equity plan and award agreement.
When will the new Restricted Stock Units for PGR’s Chief Marketing Officer vest?
The 2,682 Restricted Stock Units are scheduled to vest in three equal installments. Vesting dates are January 16, 2029, January 15, 2030, and January 21, 2031, assuming continued satisfaction of the plan and award agreement conditions during the vesting period.
How many Restricted Stock Units does Maribel Pumarejo hold after this PGR Form 4 filing?
After receiving the new award, Maribel Pumarejo holds 7,764.705 Restricted Stock Units. These derivative holdings represent contingent rights to receive an equivalent number of Progressive common shares, subject to vesting schedules and any applicable forfeiture or early-vesting provisions in the governing documents.