Progressive CIO granted additional RSU units
Progressive Corp Chief Information Officer Steven Broz received a grant of 5.443 Restricted Stock Units on July 10, 2026, acquired through reinvestment of dividend equivalents.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Progressive Corp Chief Information Officer Steven Broz received a grant of 5.443 Restricted Stock Units on July 10, 2026, acquired through reinvestment of dividend equivalents. Each unit represents a contingent right to one common share and will vest with the related RSUs, bringing his directly held RSUs to 12,510.186.
Insider Trade Summary
Grant/Award: 5.443 shares
Grant/Award
1 txn
Insider
Broz Steven
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2, F3 | 5.443 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 12,510.186 contracts (Direct)
Holdings Before and After:
Restricted Stock Unit, 12,504.743 to 12,510.186 contracts (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- 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.
- F3. Expiration Date is the same as the Date Exercisable.
Key Figures
RSUs granted: 5.443 units
Total RSUs after grant: 12,510.186 units
Conversion ratio: 1 share per unit
+1 more
4 metrics
RSUs granted
5.443 units
Restricted Stock Units granted to CIO Steven Broz on 2026-07-10
Total RSUs after grant
12,510.186 units
Directly held Restricted Stock Units following the transaction
Conversion ratio
1 share per unit
Each Restricted Stock Unit represents a contingent right to receive one common share
Transaction price per unit
$0.0000
Reported price per Restricted Stock Unit for the grant
Key Terms
Restricted Stock Unit, dividend equivalents, contingent right
3 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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one Common Share..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progressive Corp (PGR) report for Steven Broz?
Progressive Corp reported that CIO Steven Broz received a grant of 5.443 Restricted Stock Units on July 10, 2026. These RSUs were acquired through reinvested dividend equivalents and are part of his ongoing equity-based compensation package.
How many Restricted Stock Units does Steven Broz hold at Progressive (PGR) after this Form 4?
After the reported grant, CIO Steven Broz directly holds 12,510.186 Restricted Stock Units at Progressive. This total includes the newly acquired 5.443 units from dividend-equivalent reinvestment, which will vest at the same time as the related RSUs.
Was the Progressive (PGR) Form 4 transaction an open-market stock purchase or sale?
The Form 4 for Progressive shows no open-market purchase or sale by Steven Broz. It reports a compensation-related acquisition of 5.443 Restricted Stock Units granted via dividend-equivalent reinvestment, rather than a discretionary trade in the public market.
What does each Restricted Stock Unit represent in the Progressive (PGR) filing?
Each Restricted Stock Unit in the Progressive filing represents a contingent right to receive one common share of company stock. The units convert into shares upon vesting, aligning the executive’s compensation with the performance of Progressive common stock.
How were the new RSUs for Progressive (PGR) CIO Steven Broz created?
The new 5.443 RSUs for CIO Steven Broz were acquired through reinvestment of dividend equivalents. These additional units will vest at the same time as the underlying Restricted Stock Units to which they relate, maintaining the same vesting schedule and conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
