Progressive (PGR) CMO Maribel Pumarejo sells 738.684 shares of stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progressive Corp Chief Marketing Officer Maribel Pumarejo reported an open-market sale of 738.684 shares of common stock at $203.25 per share. After this direct sale, she reported no directly held shares and 1,048.544 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 738.684 shares ($150,138)
Net Sell
2 txns
Insider
Pumarejo Maribel
Role
Chief Marketing Oficer
Sold
738.684 shs ($150K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common | 738.684 | $203.25 | $150K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 0 shares (Direct);
Common — 1,048.544 shares (Indirect, 401(k) Plan)
Footnotes (1)
FAQ
What insider transaction did PGR executive Maribel Pumarejo report?
Maribel Pumarejo reported selling 738.684 shares of Progressive common stock in an open-market transaction at $203.25 per share. The filing classifies this as a non-derivative sale and identifies her role as Chief Marketing Officer of Progressive Corp.
What type of transaction was reported in this Progressive (PGR) Form 4?
The Form 4 reports a non-derivative open-market sale of Progressive common stock. The transaction code is “S,” indicating a sale, and the filing describes it as a sale in an open market or private transaction executed by Chief Marketing Officer Maribel Pumarejo.
Does the Progressive (PGR) filing show indirect ownership by Maribel Pumarejo?
Yes. In addition to the direct sale, the Form 4 discloses 1,048.544 shares held indirectly. The nature of this ownership is specified as a 401(k) plan, indicating those shares are part of a retirement account associated with Maribel Pumarejo.