Progressive (PGR) CIO adds RSUs from dividend equivalents in Form 4 filing

Rhea-AI Filing Summary

Progressive Corp (PGR) Chief Information Officer Steven Broz reported a routine compensation-related equity transaction. On April 10, 2026, he acquired 6.355 Restricted Stock Units, representing a contingent right to receive an equal number of common shares.

The units were acquired through the reinvestment of dividend equivalents tied to existing Restricted Stock Units and will vest at the same time as the related awards. Following this grant, Broz directly holds a total of 12,504.743 Restricted Stock Units, reflecting ongoing equity-based compensation rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Broz Steven

Role Chief Information Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	6.355	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 12,504.743 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. 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. Expiration Date is the same as the Date Exercisable.

Key Figures

RSUs acquired: 6.355 units RSUs after transaction: 12,504.743 units RSU price: $0.0000 per unit +1 more

4 metrics

RSUs acquired 6.355 units Restricted Stock Units acquired on April 10, 2026

RSUs after transaction 12,504.743 units Total Restricted Stock Units held directly after transaction

RSU price $0.0000 per unit Grant price per Restricted Stock Unit in the award

Underlying shares 6.355 common shares Common shares underlying the new Restricted Stock Units

Key Terms

Restricted Stock Unit, dividend equivalents, Common Share

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

"These units, which were acquired upon the reinvestment of dividend equivalents, will vest"

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.

Common Share financial

"Each Restricted Stock Unit represents a contingent right to receive one Common Share"

A common share is a type of ownership in a company that gives the holder a claim to a portion of the company’s profits and assets. It often comes with voting rights, allowing shareholders to participate in decisions about the company’s direction. For investors, owning common shares can mean potential for growth and income, but also involves a higher level of risk compared to other types of investments.

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).

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 OHIO 44143

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

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

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
Restricted Stock Unit	(1)	04/10/2026		A		6.355		(2)	(3)	Common	6.355	$0	12,504.743	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.

2. 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.

3. Expiration Date is the same as the Date Exercisable.

	/s/ Allyson L. Bach, By Power of Attorney	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Progressive Corp (PGR) report for Steven Broz?

Progressive reported that Chief Information Officer Steven Broz acquired 6.355 Restricted Stock Units on April 10, 2026. These units came from dividend equivalent reinvestments and increase his equity-based compensation position in the company.

How many Restricted Stock Units does Steven Broz hold after this Form 4 filing for PGR?

After the reported transaction, Steven Broz directly holds 12,504.743 Restricted Stock Units. This total reflects his accumulated equity-based compensation, including the newly acquired 6.355 units from dividend equivalent reinvestment.

What does each Restricted Stock Unit represent in the Progressive (PGR) Form 4 filing?

Each Restricted Stock Unit represents a contingent right to receive one Common Share of Progressive’s stock. This means the units can convert into common shares upon vesting, aligning executive compensation with shareholder interests.

How were the new Restricted Stock Units for Progressive (PGR) CIO Steven Broz acquired?

The 6.355 new Restricted Stock Units were acquired through the reinvestment of dividend equivalents. These dividend equivalents are credited on existing Restricted Stock Units and converted into additional units instead of being paid in cash.

When will the newly acquired Restricted Stock Units for PGR’s CIO vest?

The newly acquired 6.355 Restricted Stock Units will vest at the same time as the underlying Restricted Stock Units to which they relate. Their vesting schedule therefore follows the existing awards’ timetable rather than creating a new vesting period.