Progressive Corp (NYSE: PGR) details RSU and deferred unit grants

Rhea-AI Filing Summary

Progressive Corp reported an insider equity grant for executive David M. Stringer, Vice President, Secretary and Chief Legal Officer. On 01/08/2026, he acquired 460.316 Restricted Stock Units, each representing a contingent right to receive one common share, including units from reinvested dividend equivalents that will vest at the same time as the related awards. He beneficially owned 7,653.593 derivative securities following this transaction. On the same date, he was also granted 7.198 Deferred Compensation Units, which were acquired through dividend equivalent reinvestment and will be paid in cash under the company plan, bringing his total deferred units to 119.909.

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

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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^*

Stringer David M

(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)
	Vice Pres, Secretary and CLO

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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

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	$0(1)	01/08/2026		A		460.316		(2)	(3)	Common	460.316	$0	7,653.593	D
Deferred Comp Unit	$0(4)	01/08/2026		A		7.198		(5)	(3)	Common	7.198	$0	119.909	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.

4. 1 for 1

5. These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.

	/s/ Allyson L. Bach, By Power of Attorney	01/12/2026
	** 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.

FAQ

What insider transaction did Progressive Corp (PGR) report for David M. Stringer?

Progressive Corp reported that executive David M. Stringer acquired 460.316 Restricted Stock Units and 7.198 Deferred Compensation Units on 01/08/2026.

What position does David M. Stringer hold at Progressive Corp (PGR)?

David M. Stringer is an officer of Progressive Corp, serving as Vice President, Secretary and Chief Legal Officer.

What do the Restricted Stock Units reported by Progressive Corp (PGR) represent?

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive Corp stock, with some units acquired via reinvested dividend equivalents.

How many derivative securities does David M. Stringer hold after the RSU grant at Progressive Corp (PGR)?

After the 01/08/2026 grant, David M. Stringer beneficially owned 7,653.593 derivative securities related to Restricted Stock Units.

How many Deferred Compensation Units does the Progressive Corp (PGR) executive hold after the latest transaction?

Following the 7.198-unit acquisition on 01/08/2026, David M. Stringer held 119.909 Deferred Compensation Units.

How are the Deferred Compensation Units at Progressive Corp (PGR) settled?

The Deferred Compensation Units, acquired through dividend equivalent reinvestment, will be paid out in cash at the time elected by the reporting person or as otherwise provided under the plan.

Do the dividend equivalent units tied to Progressive Corp (PGR) RSUs have a separate vesting schedule?

No. The units acquired from reinvested dividend equivalents will vest at the same time as the related Restricted Stock Units.