Progressive (NYSE: PGR) CIO sells 1,157 shares under 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progressive Corp. Chief Information Officer Steven Broz sold 1,157 shares of Progressive common stock in an open‑market transaction at $204.76 per share. After this sale, he directly holds 27,510.626 shares. The trade was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,157 shares ($236,907)
Net Sell
1 txn
Insider
Broz Steven
Role
Chief Information Officer
Sold
1,157 shs ($237K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common | 1,157 | $204.76 | $237K |
Holdings After Transaction:
Common — 27,510.626 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,157 shares
Sale price per share: $204.76 per share
Shares held after sale: 27,510.626 shares
+2 more
5 metrics
Shares sold
1,157 shares
Open-market sale of Progressive common stock
Sale price per share
$204.76 per share
Price for the 1,157 shares sold
Shares held after sale
27,510.626 shares
Direct ownership following the transaction
Net shares sold
1,157 shares
Net-sell direction in transaction summary
Sell transactions count
1 transaction
Single reported sale in this Form 4
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
Common financial
""security_title": "Common""
Form 4 regulatory
"transaction reported on this Form 4 was made pursuant"
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.
FAQ
What type of transaction is reported in this Progressive (PGR) Form 4 filing?
The filing reports an open-market sale of common stock, coded as “S.” This code indicates a sale in the open market or a private transaction, rather than an option exercise, gift, or tax-withholding event.
Does the Form 4 for Progressive (PGR) show any derivative securities for Steven Broz?
No derivative securities are listed in this Form 4. The derivativeSummary section is empty, indicating only a non-derivative transaction in Progressive common stock is reported in this particular filing.