Progressive awards RSUs to marketing chief
Pumarejo Maribel reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Pumarejo Maribel reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp.'s Chief Marketing Officer, Maribel Pumarejo, received a small grant of additional restricted stock units through the reinvestment of dividend equivalents. Each unit represents a contingent right to one common share. Following this award, she directly holds roughly 7,772 restricted stock units.
Insider Trade Summary
Grant/Award: 3.382 shares
Grant/Award
1 txn
Insider
Pumarejo Maribel
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 3.382 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 7,772.035 contracts (Direct)
Holdings Before and After:
Restricted Stock Unit, 7,768.653 to 7,772.035 contracts (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2. 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.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
Restricted Stock Units granted: 3.3820 units
Restricted Stock Units after transaction: 7,772.0350 units
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
Restricted Stock Units granted
3.3820 units
Restricted Stock Units acquired via dividend-equivalent reinvestment on 2026-07-10
Restricted Stock Units after transaction
7,772.0350 units
Total direct RSU holdings for Maribel Pumarejo following the reported grant
Grant price per unit
$0.0000 per unit
Stated transaction price for the Restricted Stock Units awarded
Underlying common shares per RSU
1 share per unit
Each Restricted Stock Unit 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
"Each Restricted Stock Unit represents a contingent right to receive one Common Share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progressive (PGR) executive Maribel Pumarejo report?
Maribel Pumarejo reported acquiring 3.3820 Restricted Stock Units on July 10, 2026. These units were credited via dividend-equivalent reinvestment, not an open-market purchase, and are part of her existing equity compensation.
How many Restricted Stock Units does Progressive (PGR) CMO hold after this transaction?
After the transaction, Maribel Pumarejo directly holds 7,772.0350 Restricted Stock Units. Each unit represents a contingent right to receive one Progressive common share, subject to the applicable vesting conditions.
What is the nature of the Restricted Stock Units reported by Progressive (PGR)?
Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive. The reported units were added through reinvestment of dividend equivalents and will vest on the same schedule as the related RSUs.
Was cash paid for the Progressive (PGR) Restricted Stock Units acquired by the CMO?
No cash was paid; the units have a stated price of $0.0000 per unit. They were acquired as part of equity compensation through dividend-equivalent reinvestment, not via a market purchase.
Do the new Progressive (PGR) Restricted Stock Units vest immediately?
The new units do not vest immediately; they will vest at the same time as the Restricted Stock Units to which they relate. Vesting depends on the original award’s existing vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
