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Progressive (PGR) Chief Strategy Officer granted 1,481 RSUs and dividend units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WITALEC DANIEL J reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp (PGR) Chief Strategy Officer Daniel J. Witalec reported two awards of Restricted Stock Units (RSUs). On April 13, 2026, he received 1,481 RSUs, each representing one common share, bringing his RSU holdings to 5,969.026 units. A smaller 2.281-unit award on April 10, 2026 came from reinvested dividend equivalents and increased his RSU balance at that time to 4,488.026 units. The 1,481-unit grant 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.

Positive

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Insider WITALEC DANIEL J
Role Chief Strategy Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 1,481 $0.00 --
Grant/Award Restricted Stock Unit 2.281 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 5,969.026 shares (Direct)
Footnotes (1)
  1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate. Expiration Date is the same as the Date Exercisable. 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.
RSUs granted 1,481 units Restricted Stock Units awarded on April 13, 2026
Dividend-equivalent RSUs 2.281 units RSUs acquired via dividend reinvestment on April 10, 2026
Total RSUs after grant 5,969.026 units RSU holdings following April 13, 2026 transaction
Prior RSU balance 4,488.026 units RSU holdings following April 10, 2026 transaction
Vesting dates Jan 16, 2029; Jan 15, 2030; Jan 21, 2031 Three equal annual installments for 1,481-unit RSU grant
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one Common Share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"These units, which were acquired upon the reinvestment of dividend equivalents, will vest"
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.
vest in three equal annual installments financial
"These units will vest in three equal annual installments on each of January 16, 2029"
Expiration Date financial
"Expiration Date is the same as the Date Exercisable"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
WITALEC DANIEL J
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Strategy Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/10/2026A2.281 (2) (3)Common2.281$04,488.026D
Restricted Stock Unit(1)04/13/2026A1,481 (4) (3)Common1,481$05,969.026D
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, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate.
3. Expiration Date is the same as the Date Exercisable.
4. 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.
/s/ Allyson L. Bach, By Power of Attorney04/14/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PGR Chief Strategy Officer Daniel Witalec report?

Daniel J. Witalec reported two Restricted Stock Unit (RSU) awards. He acquired 1,481 RSUs on April 13, 2026 and 2.281 RSUs on April 10, 2026 through dividend reinvestment, all as part of equity compensation.

How many Progressive (PGR) RSUs does Daniel Witalec hold after these grants?

After the April 13, 2026 grant, Daniel J. Witalec holds 5,969.026 Restricted Stock Units. Each unit represents a contingent right to receive one Progressive common share, reflecting his total unvested equity awards reported in this filing.

When do Daniel Witalec’s new Progressive (PGR) RSUs vest?

The 1,481 newly granted RSUs 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 Progressive’s equity plan and award agreement.

What are dividend-equivalent RSUs in the Progressive (PGR) Form 4 filing?

Dividend-equivalent RSUs are additional units received when dividends are reinvested. In this filing, 2.281 RSUs were acquired that way and will vest at the same time as the related underlying RSUs, matching their existing vesting schedule.

Does the Progressive (PGR) insider filing show any stock sales by Daniel Witalec?

No sales appear in this Form 4. It shows two acquisition transactions: RSU grants and dividend-equivalent reinvestment. The transactions increase his equity-based compensation rather than reflecting open-market buying or selling of Progressive shares.