Progressive (PGR) CRM President receives additional RSUs via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progressive Corp (PGR) CRM President Lori A. Niederst reported a small equity compensation-related award. On April 10, 2026, she acquired 6.478 Restricted Stock Units, representing a contingent right to receive the same number of common shares. These units were acquired through the reinvestment of dividend equivalents and will vest at the same time as the related Restricted Stock Units. Following this award, her directly held Restricted Stock Units total 12,747.804, reflecting routine ongoing stock-based compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Niederst Lori A
Role
CRM President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 6.478 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 12,747.804 shares (Direct)
Footnotes (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: 6.478 units
RSUs after transaction: 12,747.804 units
RSU grant price: $0.0000 per unit
3 metrics
RSUs acquired
6.478 units
Restricted Stock Units from dividend equivalent reinvestment on April 10, 2026
RSUs after transaction
12,747.804 units
Total directly held Restricted Stock Units following the reported acquisition
RSU grant price
$0.0000 per unit
Stated price for the Restricted Stock Unit award
Key Terms
Restricted Stock Unit, dividend equivalents, Expiration Date, Date Exercisable
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.
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.
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.
Date Exercisable financial
"Expiration Date is the same as the Date Exercisable"
FAQ
What did Progressive (PGR) executive Lori A. Niederst report in this Form 4?
Lori A. Niederst reported acquiring 6.478 Restricted Stock Units as part of equity compensation. These units came from dividend equivalent reinvestment and represent rights to receive an equal number of Progressive common shares upon vesting, rather than an open-market purchase.
How many Restricted Stock Units does Lori A. Niederst hold after this PGR transaction?
After the transaction, Lori A. Niederst holds a total of 12,747.804 Restricted Stock Units directly. Each unit represents a contingent right to receive one Progressive common share, so this figure indicates the size of her outstanding stock-based compensation position.
What is the nature of the Restricted Stock Units reported for Progressive (PGR)?
Each Restricted Stock Unit represents a contingent right to receive one common share of Progressive’s stock. The units in this filing were acquired at a stated price of $0.0000 per unit as part of compensation, not as a cash purchase in the market.
How were the new Progressive (PGR) Restricted Stock Units for Lori A. Niederst acquired?
The 6.478 new Restricted Stock Units were acquired upon the reinvestment of dividend equivalents. Instead of receiving cash dividends on existing awards, equivalent value was applied to grant additional units that mirror the original Restricted Stock Units’ vesting schedule.
When will the new Progressive (PGR) Restricted Stock Units vest for Lori A. Niederst?
The newly acquired 6.478 Restricted Stock Units will vest at the same time as the Restricted Stock Units to which they relate. This means their vesting schedule is tied directly to the original award’s terms rather than creating a new, separate vesting timeline.