Progressive (PGR) accounting chief receives small RSU dividend grant

Rhea-AI Filing Summary

Progressive Corp (PGR) insider filing shows a small compensation-related equity award. Chief Accounting Officer Carl G. Joyce received 1.143 Restricted Stock Units on 2026-04-10, acquired through reinvested dividend equivalents. Each unit represents a contingent right to receive one common share. After this award, Joyce holds a total of 2,249.409 Restricted Stock Units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Joyce Carl G

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	1.143	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 2,249.409 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 granted: 1.143 units Total RSU holdings: 2,249.409 units RSU-to-share ratio: 1:1

3 metrics

RSUs granted 1.143 units Restricted Stock Units acquired on April 10, 2026 via dividend equivalents

Total RSU holdings 2,249.409 units Restricted Stock Units held directly after the reported transaction

RSU-to-share ratio 1:1 Each RSU represents a contingent right to receive one common share

Key Terms

Restricted Stock Unit, dividend equivalents, contingent right

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.

contingent right financial

"represents a contingent right to receive one Common Share of the Company's stock"

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^*

Joyce Carl G

(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 Accounting 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		1.143		(2)	(3)	Common	1.143	$0	2,249.409	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 (PGR) report for Carl G. Joyce?

Progressive reported that Chief Accounting Officer Carl G. Joyce received 1.143 Restricted Stock Units through reinvested dividend equivalents. These units are part of his equity compensation and increase his total Restricted Stock Unit holdings to 2,249.409, all held directly.

Is the Carl G. Joyce Form 4 transaction in PGR a buy or a sale?

The Form 4 shows an acquisition, not a market buy or sale. Joyce received 1.143 Restricted Stock Units as a grant tied to dividend reinvestment, classified as a grant or award acquisition rather than an open-market transaction in Progressive Corp shares.

How many Restricted Stock Units does Carl G. Joyce hold after this PGR filing?

After the reported transaction, Carl G. Joyce holds 2,249.409 Restricted Stock Units directly. This total includes the additional 1.143 units acquired on April 10, 2026 through reinvested dividend equivalents linked to existing Restricted Stock Unit awards at Progressive.

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

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive Corp stock. The units typically vest over time or upon meeting conditions, meaning the insider receives actual common shares only when those vesting requirements are satisfied.

Why were new RSUs granted to Carl G. Joyce in this PGR filing?

The filing states the 1.143 Restricted Stock Units were acquired upon reinvestment of dividend equivalents. When Progressive pays dividends, equivalent amounts tied to existing RSUs are reinvested into additional units, which then vest at the same time as the original RSU awards.