Progressive (NYSE: PGR) CIO sells 1,156 shares under 10b5-1 plan
Rhea-AI Filing Summary
Progressive Corp. Chief Information Officer Steven Broz reported selling 1,156 shares of common stock on July 23, 2026, at $205.17 per share in an open-market or private transaction. The sale was executed under a Rule 10b5-1 trading plan adopted February 19, 2026, and he now directly holds 26,354.626 shares.
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Insider Trade Summary 10b5-1
Net Seller: 1,156 shares
Net Sell
1 txn
Insider
Broz Steven
Role
Chief Information Officer
Sold
1,156 shs ($237K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common F1 | 1,156 | $205.17 | $237K |
Holdings After Transaction:
Common — 26,354.626 shares (Direct)
Footnotes (1)
- F1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of February 19, 2026.
Key Figures
Shares sold: 1,156 shares
Sale price: $205.17 per share
Shares held after transaction: 26,354.626 shares
3 metrics
Shares sold
1,156 shares
Common stock sale on July 23, 2026
Sale price
$205.17 per share
Price for the 1,156 common shares sold
Shares held after transaction
26,354.626 shares
Direct ownership position following the sale
Key Terms
Rule 10b5-1 trading plan, Form 4, Sale in open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"made pursuant to a 10b5-1 trading plan adopted by the reporting person"
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
"This transaction reported on this Form 4 was made pursuant"
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.
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trade did Progressive (PGR) report for Steven Broz?
Progressive (PGR) reported that Chief Information Officer Steven Broz sold 1,156 shares of common stock on July 23, 2026 at $205.17 per share. The transaction was coded as a sale in open market or private transaction.
Was the Progressive (PGR) insider sale by Steven Broz under a 10b5-1 plan?
Yes. The filing states the transaction was made under a Rule 10b5-1 trading plan adopted by Steven Broz on February 19, 2026. This indicates the sale was prearranged pursuant to that plan.
What role does Steven Broz hold at Progressive (PGR)?
Steven Broz is identified as Chief Information Officer of Progressive. The Form 4 lists him as an officer but not a director or 10% owner, and reports his direct ownership in Progressive common stock following the disclosed sale.