Progressive executive granted additional RSUs
Murphy John Jo reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Murphy John Jo reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp. reported that Claims President John Jo Murphy received a grant of 5.989 Restricted Stock Units on July 10, 2026 through reinvested dividend equivalents. Each unit represents a contingent right to receive one common share. Following this award, he directly holds 13,763.487 Restricted Stock Units, which will vest at the same time as the related RSUs.
Insider Trade Summary
Grant/Award: 5.989 shares
Grant/Award
1 txn
Insider
Murphy John Jo
Role
Claims President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 5.989 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 13,763.487 contracts (Direct)
Holdings Before and After:
Restricted Stock Unit, 13,757.498 to 13,763.487 contracts (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- 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.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
RSUs granted: 5.989 units
RSUs held after grant: 13,763.487 units
Grant price per unit: 0.0000
3 metrics
RSUs granted
5.989 units
Restricted Stock Units acquired July 10, 2026 via dividend equivalent reinvestment
RSUs held after grant
13,763.487 units
Total direct Restricted Stock Units following the reported transaction
Grant price per unit
0.0000
Reported transaction price per Restricted Stock Unit for this award
Key Terms
Restricted Stock Unit, dividend equivalents, contingent right
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, will vest at the same time"
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.
contingent right financial
"represents a contingent right to receive one Common Share of the Company's stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Progressive (PGR) Claims President John Jo Murphy report?
John Jo Murphy reported an acquisition of Restricted Stock Units at Progressive (PGR). On July 10, 2026, he received 5.989 RSUs granted via reinvested dividend equivalents, each representing a contingent right to one common share of Progressive.
How many Restricted Stock Units were granted to John Jo Murphy at Progressive (PGR)?
Murphy was granted 5.989 Restricted Stock Units at Progressive (PGR). These RSUs arose from the reinvestment of dividend equivalents and are tied to existing awards, increasing his directly held RSU balance to 13,763.487 units after the transaction.
What does each Restricted Stock Unit represent for Progressive (PGR)?
Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive (PGR). The units are not shares yet; they convert into common stock only upon vesting, according to the terms of the related RSU awards.
When will the new RSUs for Progressive (PGR) vested by John Jo Murphy become effective?
The newly acquired 5.989 RSUs will vest at the same time as the Restricted Stock Units to which they relate. They were received through dividend equivalent reinvestment, so their vesting schedule matches the underlying RSU awards at Progressive (PGR).
How many Restricted Stock Units does John Jo Murphy hold after this Progressive (PGR) transaction?
After this transaction, John Jo Murphy directly holds 13,763.487 Restricted Stock Units at Progressive (PGR). This total includes the 5.989 RSUs acquired on July 10, 2026, through reinvested dividend equivalents linked to existing RSU grants.
Was John Jo Murphy’s Progressive (PGR) RSU transaction an open-market buy or a compensation award?
The transaction was a grant/award acquisition, not an open-market purchase. Murphy received 5.989 RSUs through the reinvestment of dividend equivalents tied to existing Restricted Stock Units, reflecting ongoing equity-based compensation at Progressive (PGR).
AI-generated analysis. How Rhea-AI works. Not financial advice.
