Progressive (PGR) CSO Andrew Quigg adds 840.9 RSUs in Form 4 filing
Rhea-AI Filing Summary
Progressive Corp. Chief Strategy Officer Andrew J. Quigg reported an acquisition of additional equity-based compensation. On January 8, 2026, he received 840.919 Restricted Stock Units (RSUs), recorded at a price of $0 per unit, reflecting a non-cash award. Each RSU represents a contingent right to receive one common share of Progressive’s stock.
These RSUs were acquired through the reinvestment of dividend equivalents and will vest at the same time as the related RSUs they track. Following this transaction, Quigg beneficially owns a total of 13,981.825 RSUs in a direct capacity, aligning his compensation further with the company’s share performance.
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FAQ
What insider transaction did Progressive (PGR) report for Andrew J. Quigg?
Progressive’s Chief Strategy Officer Andrew J. Quigg reported acquiring 840.919 Restricted Stock Units (RSUs) on January 8, 2026, as shown in a Form 4 filing.
How many Progressive (PGR) Restricted Stock Units does Andrew J. Quigg own after this transaction?
After the reported acquisition, Andrew J. Quigg beneficially owns 13,981.825 Restricted Stock Units in Progressive, held in a direct ownership capacity.
What is a Restricted Stock Unit in the context of Progressive (PGR)?
For Progressive, each Restricted Stock Unit represents a contingent right to receive one common share of the company’s stock, subject to vesting conditions.
How were the new Progressive (PGR) RSUs acquired by Andrew J. Quigg?
The 840.919 RSUs were acquired through the reinvestment of dividend equivalents associated with existing RSUs, rather than through an open-market stock purchase.
When will the newly acquired Progressive (PGR) RSUs vest?
The RSUs acquired via dividend equivalent reinvestment will vest at the same time as the corresponding Restricted Stock Units to which they relate.
Is Andrew J. Quigg considered a major shareholder of Progressive (PGR)?
In this filing, Andrew J. Quigg is identified as an officer (Chief Strategy Officer) and is not marked as a 10% owner of Progressive’s stock.