Progressive Executive's Million-Dollar Stock Sale: What Investors Should Know

Rhea-AI Filing Summary

Progressive Corporation (PGR) Claims President John Jo Murphy reported a significant insider transaction on June 20, 2025. The executive sold 4,000 shares at $260.38 per share, representing a total transaction value of approximately $1.04 million.

Following the transaction, Murphy's holdings include:

• 41,289 shares held directly
• 15,162 shares held indirectly through a 401(k) Plan

The sale was executed under a Rule 10b5-1 trading plan established on March 20, 2025, which provides a pre-scheduled trading framework to avoid insider trading concerns. The transaction was reported via Form 4 filing on June 23, 2025, within the required reporting timeline.

Insider Trade Summary

Net Seller: 4,000 shares ($1,041,520)

Net Sell 2 txns

Insider Murphy John Jo

Role Claims President

Sold 4,000 shs ($1.04M)

Type	Security	Shares	Price	Value
Sale	Common	4,000	$260.38	$1.04M
holding	Common	--	--	--

Holdings After Transaction: Common — 41,289.348 shares (Direct); Common — 15,162.584 shares (Indirect, 401(k) Plan)

Footnotes (1)

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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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Murphy John Jo

(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)
	Claims President

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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
Common	06/20/2025		S(1)		4,000	D	$260.38	41,289.348	D
Common								15,162.584	I	401(k) Plan

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

Explanation of Responses:

1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of March 20, 2025.

	/s/ Sarah R. D'Amore, By Power of Attorney	06/23/2025
	** 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.

FAQ

How many PGR shares did Claims President John Murphy sell on June 20, 2025?

Claims President John Murphy sold 4,000 shares of PGR common stock at a price of $260.38 per share on June 20, 2025.

What is John Murphy's remaining PGR stock ownership after the June 2025 transaction?

Following the transaction, John Murphy owns 41,289.348 shares directly and 15,162.584 shares indirectly through the 401(k) Plan, for a total of 56,451.932 shares.

Was PGR insider John Murphy's stock sale part of a 10b5-1 trading plan?

Yes, the Form 4 indicates that the transaction was made pursuant to a 10b5-1 trading plan that was adopted by John Murphy on March 20, 2025.

What is John Murphy's position at Progressive Corporation (PGR)?

John Murphy serves as Claims President at Progressive Corporation, as indicated in the Form 4 filing under the relationship to issuer section.

What was the total value of PGR shares sold by John Murphy in the June 2025 transaction?

The total value of the transaction was $1,041,520, calculated from the sale of 4,000 shares at $260.38 per share.