Progressive CFO granted 8.508 RSUs

PROGRESSIVE CORP/OH/ VP and CFO John P. Sauerland received 8.508 Restricted Stock Units on April 10, 2026 as a grant/award acquisition.

Rhea-AI Filing Summary

PROGRESSIVE CORP/OH/ VP and CFO John P. Sauerland received 8.508 Restricted Stock Units on April 10, 2026 as a grant/award acquisition. Each unit represents a contingent right to receive one Common Share of the company’s stock.

The units were acquired through reinvestment of dividend equivalents and will vest at the same time as the related Restricted Stock Units. Following this award, Sauerland directly holds a total of 16,740.050 Restricted Stock Units, reflecting routine, compensation-related equity rather than any open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 8.508 shares

Grant/Award 1 txn

Insider Sauerland John P

Role VP and Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	8.508	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 16,740.05 contracts (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
2. 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.
3. F3. Expiration Date is the same as the Date Exercisable.

Key Figures

RSUs granted: 8.508 units Total RSUs after grant: 16,740.050 units Grant price: $0.0000 per unit +1 more

4 metrics

RSUs granted 8.508 units Restricted Stock Units acquired April 10, 2026

Total RSUs after grant 16,740.050 units Direct Restricted Stock Unit holdings following transaction

Grant price $0.0000 per unit Compensation-related RSU award with no cash paid by insider

Underlying common shares 8.508 shares Each RSU represents right to one Common Share

Key Terms

Restricted Stock Unit, dividend equivalents, Common Share

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"

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.

Common Share financial

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

A common share is a type of ownership in a company that gives the holder a claim to a portion of the company’s profits and assets. It often comes with voting rights, allowing shareholders to participate in decisions about the company’s direction. For investors, owning common shares can mean potential for growth and income, but also involves a higher level of risk compared to other types of investments.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Progressive (PGR) CFO John P. Sauerland report in this Form 4?

John P. Sauerland reported receiving 8.508 Restricted Stock Units as a grant. These units were acquired through reinvested dividend equivalents and increase his direct Restricted Stock Unit holdings to 16,740.050, representing routine, compensation-related equity rather than an open-market trade.

How many Restricted Stock Units did the PGR CFO receive and when?

The Progressive CFO received 8.508 Restricted Stock Units on April 10, 2026. The award stems from reinvestment of dividend equivalents and is tied to existing Restricted Stock Units, adding modestly to his overall stock-based compensation position at the company.

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

Each Restricted Stock Unit represents a contingent right to receive one Common Share of Progressive’s stock. This means that, upon vesting, each unit can convert into one common share, aligning the executive’s compensation more closely with shareholder interests over time.

How many Restricted Stock Units does the PGR CFO hold after this transaction?

After this transaction, the Progressive CFO holds 16,740.050 Restricted Stock Units directly. This total includes the newly acquired 8.508 units from dividend equivalent reinvestment and reflects his cumulative unvested equity awards reported in this Form 4 filing.

How were the new Progressive (PGR) Restricted Stock Units for the CFO acquired?

The new 8.508 Restricted Stock Units were acquired through reinvestment of dividend equivalents. Instead of receiving cash dividends on existing Restricted Stock Units, equivalent value was used to grant additional units that vest at the same time as the related awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/14/2026 - 11:26 AM EDT Learn about SEC filing dates

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^*

Sauerland John P

(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)
	VP and Chief Financial 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		8.508		(2)	(3)	Common	8.508	$0	16,740.05	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)