Progressive (PGR) Form 4: CIO sold 1,345 shares under 10b5-1 plan

Rhea-AI Filing Summary

Steven Broz, Chief Information Officer of Progressive Corp (PGR), reported a sale of 1,345 shares of Progressive common stock on 09/19/2025 at a price of $242.10 per share. The Form 4 shows 30,387.793 shares beneficially owned following the transaction, held directly. The filing notes the sale was executed under a Rule 10b5-1 trading plan adopted by the reporting person on January 30, 2025. The Form 4 was signed by Sarah R. D'Amore by power of attorney on 09/22/2025.

Positive

• Transaction executed under a 10b5-1 plan, indicating pre-established trading intent and potential affirmative defense to insider trading claims
• Timely Form 4 disclosure with power-of-attorney signature, showing procedural compliance with reporting rules

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider sale under a pre-established 10b5-1 plan; transaction size appears modest relative to typical market capitalization.

The sale of 1,345 shares at $242.10 was reported promptly on Form 4 and identified as executed pursuant to a 10b5-1 plan established January 30, 2025. Because the transaction was made under a pre-existing written plan and the reporting person retains over 30,000 shares directly, this disclosure is procedural and provides transparency into insider liquidity but does not by itself indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 timing and 10b5-1 plan conditions, reflecting appropriate insider governance practices.

The filing identifies the reporting person as an officer (Chief Information Officer) and documents the use of a 10b5-1 plan, which supports an affirmative defense for trades. The Form 4 was executed by power of attorney and filed in a timely manner, consistent with good governance and insider trading controls. No additional governance concerns are evident from the single reported transaction.

Insider Trade Summary

Net Seller: 1,345 shares ($325,625)

Net Sell 1 txn

Insider Broz Steven

Role Chief Information Officer

Sold 1,345 shs ($326K)

Type	Security	Shares	Price	Value
Sale	Common	1,345	$242.10	$326K

Holdings After Transaction: Common — 30,387.793 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Broz Steven

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

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)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common	09/19/2025		S(1)		1,345	D	$242.1	30,387.793	D

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

Explanation of Responses:

1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of January 30, 2025.

	/s/ Sarah R. D'Amore, By Power of Attorney	09/22/2025
	** 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.

FAQ

What did the Progressive insider (PGR) report on this Form 4?

The filing reports that Steven Broz, Chief Information Officer, sold 1,345 shares of Progressive common stock on 09/19/2025 at $242.10 per share.

Was the insider sale executed under a 10b5-1 trading plan?

Yes. The Form 4 states the sale was made pursuant to a 10b5-1 trading plan adopted on January 30, 2025.

How many Progressive shares does the reporting person own after the sale?

The Form 4 reports 30,387.793 shares beneficially owned following the reported transaction, held directly.

Who signed the Form 4 and when was it filed?

The Form 4 bears the signature of Sarah R. D'Amore, by power of attorney, dated 09/22/2025.

Does this Form 4 indicate any derivative transactions or other securities activity?

No. Table II for derivative securities is empty and the filing reports only the non-derivative common stock sale described.