Progressive (NYSE: PGR) claims president sells 8,124 shares under trading plan
Rhea-AI Filing Summary
Progressive Corp executive John Jo Murphy, Claims President, sold 8,124 shares of common stock on July 27, 2026 at $212.70 per share in an open-market or private transaction under a Rule 10b5-1 trading plan adopted on February 19, 2026. After the sale, he directly held 41,290.749 shares and indirectly held 15,175.245 shares through a 401(k) Plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 8,124 shares
Net Sell
2 txns
Insider
Murphy John Jo
Role
Claims President
Sold
8,124 shs ($1.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common F1 | 8,124 | $212.70 | $1.73M |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 41,290.749 shares (Direct);
Common — 15,175.245 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of February 19, 2026.
Key Figures
Shares sold: 8,124 shares
Sale price: $212.7000 per share
Direct holdings after sale: 41,290.749 shares
+2 more
5 metrics
Shares sold
8,124 shares
Common stock sold on July 27, 2026 by Claims President John Jo Murphy
Sale price
$212.7000 per share
Price for the 8,124 Progressive common shares sold on July 27, 2026
Direct holdings after sale
41,290.749 shares
Murphy’s directly held Progressive common shares following the reported transaction
Indirect 401(k) holdings
15,175.245 shares
Progressive shares held indirectly by Murphy through a 401(k) Plan
Net share change
-8,124 shares
transactionSummary netBuySellShares for the reported period
Key Terms
Rule 10b5-1 trading plan, sale in open market or private transaction, 401(k) Plan
3 terms
Rule 10b5-1 trading plan regulatory
"made pursuant to a 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
401(k) Plan financial
"nature_of_ownership: 401(k) Plan for indirect share holdings"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Progressive (PGR) executive John Jo Murphy report?
John Jo Murphy, Progressive’s Claims President, reported selling 8,124 shares of Progressive common stock on July 27, 2026. The transaction was a sale in an open-market or private transaction and was executed under a pre-established Rule 10b5-1 trading plan.
How is John Jo Murphy’s 401(k) Plan interest in Progressive (PGR) stock reported?
Murphy’s 401(k) position is reported as an indirect holding of 15,175.245 Progressive shares, with the nature of ownership listed as “401(k) Plan”. This entry reflects shares held through the retirement plan rather than directly in his own brokerage account.