Progressive (NYSE: PGR) CFO granted 481 RSUs vesting 2029–2031
Rhea-AI Filing Summary
Quigg Andrew J reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corporation VP and Chief Financial Officer Andrew J. Quigg received a grant of 481 Restricted Stock Units on July 20, 2026. Each unit represents a contingent right to one common share and will vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture. Following this award, he directly holds 12,643.48 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quigg Andrew J
Role
VP and Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 481 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 12,643.48 shares (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 will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
RSUs granted: 481 restricted stock units
RSU holdings after grant: 12,643.48 units
First vesting date: January 16, 2029
+2 more
5 metrics
RSUs granted
481 restricted stock units
Grant to VP and Chief Financial Officer on July 20, 2026
RSU holdings after grant
12,643.48 units
Directly held restricted stock units following the reported transaction
First vesting date
January 16, 2029
First of three equal annual RSU vesting installments
Second vesting date
January 15, 2030
Second of three equal annual RSU vesting installments
Third vesting date
January 21, 2031
Final RSU vesting installment under this grant
Key Terms
Restricted Stock Unit, contingent right, forfeiture, Expiration Date
4 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.
contingent right financial
"represents a contingent right to receive one Common Share of the Company's stock"
forfeiture financial
"subject to earlier vesting or forfeiture in accordance with the plan and the award agreement"
Expiration Date financial
"Expiration Date is the same as the Date Exercisable"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Progressive (PGR) report for CFO Andrew J. Quigg?
Progressive (PGR) reported that CFO Andrew J. Quigg received a grant of 481 Restricted Stock Units on July 20, 2026. These equity awards are part of his compensation and convert into common shares as they vest over three annual installments from 2029 to 2031.
How many Progressive (PGR) restricted stock units were granted and when do they vest?
Andrew J. Quigg was granted 481 Restricted Stock Units by Progressive (PGR). The units vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the plan and award agreement.
How many Progressive (PGR) restricted stock units does Andrew J. Quigg hold after this grant?
After the reported grant, Andrew J. Quigg directly holds 12,643.48 restricted stock units in Progressive (PGR). This figure reflects his total direct RSU position in the company’s equity compensation plan as of the transaction date reported in the filing.
What does each Restricted Stock Unit represent in Progressive (PGR)'s grant to the CFO?
Each Restricted Stock Unit in this grant represents a contingent right to receive one common share of Progressive (PGR). Actual delivery of common shares occurs only upon vesting, in accordance with the company’s equity compensation plan and the specific award agreement terms.
Is the RSU grant to Progressive (PGR)'s CFO reported as part of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative trading plan for this transaction. The award is reported as a compensation-related grant, not as a sale or purchase executed under a pre-arranged trading plan for the CFO’s existing holdings.
Does the Progressive (PGR) RSU award to the CFO have an expiration date?
The filing notes that the Expiration Date is the same as the Date Exercisable for this RSU award. In practice, settlement into common shares is tied to the vesting schedule and the governing equity plan and award agreement terms applicable to the grant.