Progressive Corp (PGR) CIO reports 450-share stock gift in Form 4

Rhea-AI Filing Summary

Progressive Corp (PGR) reported a Form 4 for its Chief Investment Officer, who disclosed a disposition of shares classified as a code "G" transaction, meaning a gift, on 11/28/2025. The reporting person transferred 450 shares of Progressive common stock at a stated price of $0, reflecting the nature of a gift rather than a market sale.

After this transaction, the officer beneficially owned 26,247.516 Progressive common shares directly and 115.236 shares indirectly through a 401(k) Plan. The filing notes that this transaction was carried out under a Rule 10b5-1 trading plan adopted on August 21, 2025, which is a pre-arranged plan intended to provide an affirmative defense for insiders when trading company stock.

Insider Trade Summary

450 shares gifted

Mixed 2 txns

Insider Bauer Jonathan S.

Role Chief Investment Officer

Type	Security	Shares	Price	Value
Gift	Common	450	$0.00	--
holding	Common	--	--	--

Holdings After Transaction: Common — 26,247.516 shares (Direct); Common — 115.236 shares (Indirect, 401(k) Plan)

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^*

Bauer Jonathan S.

(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 Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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	11/28/2025		G(1)		450	D	$0	26,247.516	D
Common								115.236	I	401(k) Plan

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 August 21, 2025.

	/s/ Allyson L. Bach, By Power of Attorney	12/01/2025
	** 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 insider transaction did Progressive Corp (PGR) disclose in this Form 4?

The Chief Investment Officer of Progressive Corp (PGR) reported a code "G" transaction, indicating a gift of 450 common shares on 11/28/2025 at a stated price of $0.

How many Progressive (PGR) shares does the reporting person own after the transaction?

Following the reported gift, the officer beneficially owns 26,247.516 Progressive common shares directly and 115.236 shares indirectly through a 401(k) Plan.

What does transaction code "G" mean in the Progressive (PGR) Form 4?

Transaction code "G" denotes a gift of securities, indicating the shares were transferred without consideration rather than sold in the open market.

Which Progressive (PGR) executive is involved in this Form 4 filing?

The filing relates to a Chief Investment Officer of Progressive Corp, who is identified as an officer of the issuer and the reporting person for this transaction.

Was the Progressive (PGR) insider transaction made under a Rule 10b5-1 plan?

Yes. The explanation states the transaction was made pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on August 21, 2025.

Does this Progressive (PGR) Form 4 report any derivative securities?

The provided excerpt includes a table structure for derivative securities but does not list any specific derivative positions or transactions in that table.