Progressive (NYSE: PGR) CFO gifts 531 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progressive Corp (PGR) Vice President and Chief Financial Officer Andrew J. Quigg reported a bona fide gift of 531 common shares. The Form 4 shows the gift, coded as a "G" transaction, occurred on July 6, 2026 at a reported price of $0.00 per share. Following this disposition, he directly holds 39,095.185 common shares. A footnote states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted on January 29, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
531 shares gifted
Mixed
1 txn
Insider
Quigg Andrew J
Role
VP and Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common | 531 | $0.00 | -- |
Holdings After Transaction:
Common — 39,095.185 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 531 shares
Post-transaction holdings: 39,095.185 shares
Gift price per share: $0.00 per share
+3 more
6 metrics
Shares gifted
531 shares
Bona fide gift on July 6, 2026
Post-transaction holdings
39,095.185 shares
Directly held common shares after gift
Gift price per share
$0.00 per share
Reported transaction price for gifted shares
Transaction date
July 6, 2026
Date of bona fide gift transaction
10b5-1 plan adoption date
January 29, 2026
Date CFO adopted Rule 10b5-1 trading plan
Gift transactions count
1 transaction
Single bona fide gift reported in Form 4
Key Terms
bona fide gift, Rule 10b5-1 trading plan, Form 4, non-derivative
4 terms
bona fide gift financial
"The Form 4 identifies the transaction code as a "G" bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Rule 10b5-1 trading plan regulatory
"A footnote states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted January 29, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Form 4 regulatory
"Andrew J. Quigg reported the transaction on Form 4 as an insider disposition."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"The filing classifies this as a non-derivative transaction in Progressive common stock."
FAQ
What insider transaction did Progressive (PGR) CFO Andrew Quigg report?
Andrew J. Quigg reported a bona fide gift of 531 Progressive common shares. The Form 4 shows this "G" coded transaction occurred on July 6, 2026, at a reported price of $0.00 per share, reflecting a non-sale disposition of stock.
What does transaction code "G" mean in Andrew Quigg’s Progressive (PGR) Form 4?
Transaction code "G" on the Form 4 denotes a bona fide gift of securities. In this case, it identifies that Andrew J. Quigg transferred 531 Progressive common shares as a gift, rather than through a market sale or purchase transaction.
Does the reported Progressive (PGR) transaction involve derivative securities or options?
No derivative transactions are shown in this Form 4 excerpt. The filing lists one non-derivative transaction in Progressive common stock and the derivativeSummary section is empty, indicating no option or other derivative exercises or conversions are reported here.