Progressive Corp (PGR) president receives 3,535 restricted stock units

Rhea-AI Filing Summary

Callahan Patrick K reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp.'s Personal Lines President Patrick K. Callahan reported receiving a grant of 3,535 Restricted Stock Units tied to the company’s common shares. Each unit represents a contingent right to receive one common share as part of his equity compensation.

The units will vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the plan and award agreement. Following this grant, Callahan holds 15,353.927 derivative securities related to Progressive common stock directly.

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)
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		3,535		(2)	(3)	Common	3,535	$0	15,353.927	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)

FAQ

What insider transaction did Patrick K. Callahan report for PGR?

Patrick K. Callahan, Personal Lines President of Progressive Corp., reported receiving 3,535 Restricted Stock Units as an equity award. These RSUs are derivative securities that convert into common shares if vesting conditions under the company’s compensation plan and award agreement are satisfied.

How many Restricted Stock Units were granted to the Progressive (PGR) executive?

The Progressive Corp. executive received 3,535 Restricted Stock Units. Each RSU represents a contingent right to one common share. This award increases his total derivative holdings tied to Progressive’s common stock to 15,353.927 units held directly after the reported transaction.

What is the vesting schedule for Patrick Callahan’s PGR Restricted Stock Units?

The granted Restricted Stock Units will vest in three equal annual installments. Vesting occurs on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in line with Progressive Corp.’s compensation plan terms and the specific award agreement.

Do Patrick Callahan’s PGR Restricted Stock Units involve an open-market purchase or sale?

The transaction is a grant of 3,535 Restricted Stock Units, categorized as a grant, award, or other acquisition, not an open-market purchase or sale. It reflects stock-based compensation rather than discretionary trading in Progressive Corp. common shares on the public market.

What does each Progressive (PGR) Restricted Stock Unit represent in this filing?

Each Restricted Stock Unit represents a contingent right to receive one Progressive Corp. common share. The units convert into shares only if vesting conditions are met, and they are subject to the company’s equity plan provisions and the detailed terms of the individual award agreement.

What are Patrick K. Callahan’s Progressive-related holdings after this RSU grant?

After receiving 3,535 Restricted Stock Units, Patrick K. Callahan holds 15,353.927 derivative securities tied to Progressive Corp. common stock directly. These derivative holdings reflect unvested and potentially vesting equity awards, rather than immediate ownership of the underlying common shares.