Progressive (NYSE: PGR) adds 6.992 RSU dividend equivalents

Rhea-AI Filing Summary

Murphy John Jo reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp's Claims President John Jo Murphy received 6.992 Restricted Stock Units through dividend reinvestment, increasing his directly held RSU balance to 13,757.498 units. Each RSU represents a contingent right to receive one common share, and these new units will vest at the same time as the related underlying RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Murphy John Jo

Role Claims President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	6.992	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 13,757.498 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 acquired: 6.992 units RSUs after transaction: 13,757.498 units Exercise price: $0.0000 per unit

3 metrics

RSUs acquired 6.992 units Restricted Stock Units via dividend equivalents on April 10, 2026

RSUs after transaction 13,757.498 units Total Restricted Stock Units directly held after grant

Exercise price $0.0000 per unit Restricted Stock Unit grant/award acquisition

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"

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^*

Murphy John Jo

(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)
	Claims President

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		6.992		(2)	(3)	Common	6.992	$0	13,757.498	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 John Jo Murphy?

Progressive reported that Claims President John Jo Murphy acquired 6.992 Restricted Stock Units. These units were received via reinvested dividend equivalents and increase his directly held RSU balance to 13,757.498 units, each representing a contingent right to one common share.

How many Restricted Stock Units does John Jo Murphy hold after this Form 4?

After this Form 4 transaction, John Jo Murphy holds 13,757.498 Restricted Stock Units directly. This total includes the 6.992 new units acquired through dividend equivalent reinvestment, all tied to Progressive common shares on a one-for-one basis upon settlement.

What does each Progressive (PGR) Restricted Stock Unit represent in this filing?

Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive. This means when the units vest and settle, Murphy can receive an equivalent number of Progressive common shares, aligning his compensation with shareholder outcomes over time.

How were the new RSUs in Progressive’s Form 4 for Murphy acquired?

The 6.992 new RSUs were acquired through the reinvestment of dividend equivalents. Instead of taking dividends in cash, equivalent value was used to credit additional RSUs, which will vest on the same schedule as the underlying Restricted Stock Units they relate to.

When will John Jo Murphy’s newly acquired RSUs at Progressive vest?

The newly acquired 6.992 RSUs will vest at the same time as the related underlying Restricted Stock Units. The filing specifies that these dividend-equivalent units follow the identical vesting schedule, so they become deliverable together with those original awards.