Progressive (PGR) CLO Stringer awarded 2,926 restricted stock units vesting 2029–2031

Rhea-AI Filing Summary

Stringer David M reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp. executive David M. Stringer received a grant of 2,926 restricted stock units. Each unit represents a contingent right to one common share. After this award, he holds 9,144.066 units directly. The RSUs vest in three equal installments in 2029, 2030, and 2031, subject to earlier vesting or forfeiture under the plan.

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

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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^*

Stringer David M

(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)
	Vice Pres, Secretary and CLO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	$0(1)	03/24/2026		A		2,926		(2)	(3)	Common	2,926	$0	9,144.066	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 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.

3. Expiration Date is the same as the Date Exercisable.

	/s/ Laurie F. Humphrey, By Power of Attorney	03/25/2026
	** 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 did Progressive (PGR) executive David M. Stringer report on this Form 4?

David M. Stringer reported receiving 2,926 restricted stock units as an equity award. These units are tied to Progressive common shares and increase his direct equity-based holdings to 9,144.066 units after the transaction.

Is the Progressive (PGR) Form 4 transaction a purchase or a compensation grant?

The Form 4 reflects a compensation-related grant, not an open-market purchase. Code “A” and the description show it is a grant or award of 2,926 restricted stock units provided by Progressive as part of its equity incentive program.

How many Progressive (PGR) restricted stock units does Stringer hold after this grant?

Following the grant, David M. Stringer holds 9,144.066 restricted stock units directly. This total includes the newly awarded 2,926 units and represents his aggregate position in these equity awards as of the reported date.

What does each restricted stock unit represent for Progressive (PGR) in this filing?

Each restricted stock unit represents a contingent right to receive one Progressive common share. Actual delivery of shares depends on satisfying vesting conditions, with units potentially vesting or being forfeited under the company’s equity plan and the specific award agreement.

When do David M. Stringer’s Progressive (PGR) restricted stock units vest?

The 2,926 units vest in three equal annual installments in 2029, 2030, and 2031. Vesting can occur earlier or units can be forfeited, in line with the terms of Progressive’s equity compensation plan and the award agreement.

Does this Progressive (PGR) Form 4 indicate any stock sales by David M. Stringer?

No, the Form 4 only shows an acquisition of restricted stock units. The transaction summary reports one acquisition event and zero sales, meaning this filing does not disclose any dispositions of Progressive shares or units by Stringer.