Progressive (PGR) CFO acquires 7.627 RSUs via dividend equivalents

Progressive (PGR) reported an insider equity change by its VP and Chief Financial Officer.

Accepted by SEC EDGAR 10/14/2025 - 08:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Progressive (PGR) reported an insider equity change by its VP and Chief Financial Officer. On 10/10/2025, the officer acquired 7.627 Restricted Stock Units (RSUs) at $0 per unit, coded as A (acquired). Each RSU represents the right to receive one common share.

The filing states these RSUs were acquired through the reinvestment of dividend equivalents and will vest at the same time as the related RSUs. Following the transaction, the officer beneficially owned 18,427.657 derivative securities directly.

Insider Trade Summary

Grant/Award: 7.627 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	7.627	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 18,427.657 contracts (Direct)

Holdings Before and After: Restricted Stock Unit, 18,420.03 to 18,427.657 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.

FAQ

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

What did Progressive (PGR) disclose in this Form 4?

An officer who is the VP and Chief Financial Officer acquired 7.627 RSUs on 10/10/2025 via dividend equivalent reinvestment at $0.

How many RSUs does the PGR officer hold after the transaction?

The filing shows 18,427.657 derivative securities beneficially owned directly after the reported transaction.

What is the nature of the RSUs reported by PGR?

Each RSU represents a contingent right to receive one common share of Progressive when vested.

Why were 7.627 RSUs added for PGR’s officer?

They were acquired upon the reinvestment of dividend equivalents and will vest with the related RSUs.

What was the transaction code and price for the RSUs?

Transaction code A (acquired) and a unit price of $0.

What is the ownership form of the reported PGR securities?

The RSUs are held directly (D) by the reporting officer.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

1. Name and Address of Reporting Person^*

Sauerland John P

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	10/10/2025		A		7.627		(2)	(3)	Common	7.627	$0	18,427.657	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	10/14/2025
	** 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.