Progressive CRM president receives stock award
Progressive Corp CRM President Heather E. Day received 2,087.816 common shares on 2026-07-24 from the vesting of performance-based restricted stock unit awards granted in 2023, including dividend equivalents.
Accepted by SEC EDGAR
Learn about SEC filing dates
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 Corp CRM President Heather E. Day received 2,087.816 common shares on 2026-07-24 from the vesting of performance-based restricted stock unit awards granted in 2023, including dividend equivalents. On the same date, 613 shares at $211.90 per share were used to pay exercise price or tax liability by delivering or withholding securities.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DAY HEATHER E
Role
CRM President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common F1 | 2,087.816 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 613 | $211.90 | $130K |
Holdings After Transaction:
Common — 18,894.824 shares (Direct)
Holdings Before and After:
Common, 17,420.008 to 18,894.824 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Stock award shares: 2,087.816 shares
Shares used for exercise price or tax payment: 613 shares
Disposition price per share: $211.9000 per share
3 metrics
Stock award shares
2,087.816 shares
Common shares issued to Heather E. Day on 2026-07-24 upon RSU vesting
Shares used for exercise price or tax payment
613 shares
Code F disposition on 2026-07-24 to pay exercise price or tax liability
Disposition price per share
$211.9000 per share
Price applied to the 613-share code F transaction on 2026-07-24
Key Terms
performance-based restricted stock unit awards, dividend equivalents, tax liability, withholding securities
4 terms
performance-based restricted stock unit awards financial
"These shares were 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.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
withholding securities 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) report for Heather E. Day?
Progressive reported that CRM President Heather E. Day received 2,087.816 common shares on July 24, 2026. These shares were issued upon vesting of performance-based restricted stock unit awards granted in 2023, and include dividend equivalents accrued since the original grant date.
What does the code F transaction mean in Heather E. Day’s Progressive (PGR) report?
Heather E. Day reported a code F transaction involving 613 shares at $211.90 per share. Code F is described as payment of exercise price or tax liability by delivering or withholding securities, rather than a standard open-market purchase or sale of shares.
Were Heather E. Day’s Progressive (PGR) transactions executed under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox for Heather E. Day’s report is not checked, and no footnote indicates a trading plan. The disclosure therefore does not classify these transactions as made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
What are dividend equivalents in Heather E. Day’s Progressive (PGR) stock award?
Heather E. Day’s 2,087.816-share award includes dividend equivalents accrued since the 2023 grant date. Dividend equivalents are additional share credits or value reflecting dividends that would have been paid on the underlying restricted stock units during the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
