STOCK TITAN
  1. Home
  2. Sec-filings
  3. PGR
  4. [Form 4] Progressive Corporation Insider Trading Activity

Progressive President Boosts Stake with 6.1 RSUs in Latest Filing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Progressive Corporation (PGR) – Form 4 insider activity: On 07/11/2025, Commercial Lines President Karen Bailo acquired 6.111 Restricted Stock Units (RSUs) through the automatic reinvestment of dividend equivalents. Each RSU converts into one common share upon vesting. Following the transaction, Bailo now holds 15,087.791 RSUs directly. The RSUs carry no exercise price and will vest on the same schedule as the underlying award.

The filing represents a routine, low-dollar value increase in ownership and does not involve open-market purchases or sales. No common shares were sold or disposed of, and there is no indication of material changes to overall insider ownership levels or company strategy.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small, routine RSU accrual; neutral impact.

This Form 4 reflects an automatic dividend reinvestment that added 6.111 RSUs to Karen Bailo’s position, lifting her derivative holdings to about 15.1 k units. The dollar value is immaterial relative to Progressive’s market capitalization and does not signal active buying or selling sentiment. Such filings are standard housekeeping and do not alter the company’s risk profile or governance outlook. Investors typically view automatic RSU accruals as neutral events.

Insider Bailo Karen
Role Commercial Lines President
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 6.111 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 15,087.791 shares (Direct)
Footnotes (1)
  1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. 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. Expiration Date is the same as the Date Exercisable.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
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*
Bailo Karen
(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)
Commercial Lines President
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
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) 07/11/2025 A 6.111 (2) (3) Common 6.111 $0 15,087.791 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/ Sarah R. D'Amore, By Power of Attorney 07/15/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who is the insider involved in Progressive Corporation's (PGR) latest Form 4?

Karen Bailo, Commercial Lines President, is the reporting person.

What type of security did Karen Bailo acquire in the Form 4?

She acquired Restricted Stock Units (RSUs) tied to Progressive common shares.

How many RSUs were acquired on 07/11/2025?

A total of 6.111 RSUs were added through dividend reinvestment.

What is Karen Bailo’s total RSU ownership after the transaction?

Following the transaction, she holds 15,087.791 RSUs directly.

Was there any sale of Progressive (PGR) shares reported in this Form 4?

No. The filing reports only an acquisition; no shares were sold or disposed of.