Progressive's Callahan acquires 7.029 stock units

Callahan’s deferred compensation units are payable in cash at the time he elected or at another time determined under the plan.

Rhea-AI Filing Summary

Progressive Corp. (PGR) Personal Lines President Patrick K. Callahan reported acquisitions on October 9, 2026, of 7.029 restricted stock units and 44.766 deferred compensation units. Each restricted stock unit represents a contingent right to receive one common share; the units acquired through reinvested dividend equivalents vest at the same time as the related restricted stock units.

After the transactions, Callahan’s reported holdings were 15,375.451 restricted stock units and 98,347.501 deferred compensation units.

Insider Trade Summary

Grant/Award: 51.795 shares

Grant/Award 2 txns

Insider Callahan Patrick K

Role Personal Lines President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F2, F3	7.029	$0.00	$0.00
Grant/Award	Deferred Comp Unit F4, F5, F3	44.766	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 15,375.451 contracts (Direct); Deferred Comp Unit — 98,347.501 contracts (Direct)

Footnotes (5)

1. F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
2. F2. 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. F3. Expiration Date is the same as the Date Exercisable.
4. F4. 1 for 1
5. F5. These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

Key Figures

Restricted stock units acquired: 7.029 units Restricted stock units after transaction: 15,375.451 units Deferred compensation units acquired: 44.766 units +1 more

4 metrics

Restricted stock units acquired 7.029 units October 9, 2026

Restricted stock units after transaction 15,375.451 units After the October 9, 2026 transaction

Deferred compensation units acquired 44.766 units October 9, 2026

Deferred compensation units after transaction 98,347.501 units After the October 9, 2026 transaction

Key Terms

Restricted Stock Unit, dividend equivalents, Deferred Comp Unit

3 terms

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

"acquired upon the reinvestment of dividend equivalents"

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.

Deferred Comp Unit financial

"44.766 Deferred Comp Unit"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What awards did PGR’s Personal Lines President report?

On October 9, 2026, Patrick K. Callahan reported acquiring 7.029 restricted stock units and 44.766 deferred compensation units. After the transactions, his reported holdings were 15,375.451 restricted stock units and 98,347.501 deferred compensation units.

How are PGR’s deferred compensation units funded and paid?

Callahan’s 44.766 deferred compensation units were acquired through reinvested dividend equivalents. They will be paid out in cash at the time he elected or at another time determined in accordance with the plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/13/2026 - 10:20 AM EDT Accepted by SEC EDGAR 10/13/2026 - 10:20 AM EDT Learn about SEC filing dates

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)
10/09/2026

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)	10/09/2026		A		7.029		(2)	(3)	Common	7.029	$0	15,375.451	D
Deferred Comp Unit	(4)	10/09/2026		A		44.766		(5)	(3)	Common	44.766	$0	98,347.501	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, 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. 1 for 1

5. These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

	/s/ Allyson L. Bach, By Power of Attorney	10/13/2026
	** 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)