Progressive CIO reports RSU vesting and share disposition
Progressive Corp. Chief Investment Officer Jonathan S. Bauer reported equity compensation changes dated 2026-07-24.
Rhea-AI Filing Summary
Progressive Corp. Chief Investment Officer Jonathan S. Bauer reported equity compensation changes dated 2026-07-24. He acquired 4,175.647 common shares at $0.00 from vesting of 2023 performance-based restricted stock unit awards, including dividend equivalents. In a related code F transaction, 1,933 shares were used to satisfy exercise-price or tax-liability obligations at $211.90 per share. He also reported indirect ownership of 122.674 shares in a 401(k) Plan. These transactions were not reported as executed under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bauer Jonathan S.
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common F1 | 4,175.647 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 1,933 | $211.90 | $410K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 28,492.345 shares (Direct);
Common — 122.674 shares (Indirect, 401(k) Plan)
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
Shares acquired via RSU vesting: 4,175.647 shares
Shares used for obligations: 1,933 shares
Obligation price per share: $211.90 per share
+1 more
4 metrics
Shares acquired via RSU vesting
4,175.647 shares
Common shares issued on 2026-07-24 from 2023 performance-based restricted stock unit awards, including dividend equivalents
Shares used for obligations
1,933 shares
Code F disposition on 2026-07-24 to pay exercise-price or tax-liability obligations
Obligation price per share
$211.90 per share
Per-share value applied to the 1,933-share code F disposition on 2026-07-24
Indirect 401(k) holdings
122.674 shares
Indirect Progressive common stock holdings in a 401(k) Plan following the reported transactions
Key Terms
performance-based restricted stock unit awards, dividend equivalents, Rule 10b5-1 trading plan, 401(k) Plan
4 terms
performance-based restricted stock unit awards financial
"vesting of performance-based restricted stock unit awards made in 2023"
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.
Rule 10b5-1 trading plan financial
"not reported as executed under a Rule 10b5-1 trading plan"
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.
401(k) Plan financial
"indirect ownership of 122.674 shares in a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Progressive (PGR) report for Jonathan S. Bauer?
Jonathan S. Bauer reported two main entries: acquisition of 4,175.647 common shares from vesting of 2023 performance-based RSUs, and a code F disposition where 1,933 shares were used to satisfy exercise-price or tax-liability obligations at $211.90 per share.
Does this Progressive (PGR) Form 4 indicate a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating a trading plan. These transactions are therefore not reported as being executed under a Rule 10b5-1 trading arrangement.
What indirect Progressive (PGR) holdings does Jonathan S. Bauer report?
Jonathan S. Bauer reports 122.674 Progressive common shares held indirectly through a 401(k) Plan. This position is separate from his directly held shares and reflects retirement-plan ownership following the reported July 24, 2026 transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
