Progressive CIO Sells $330K Worth of Shares in Planned Transaction

Progressive Corporation (PGR) Chief Information Officer Steven Broz reported a significant insider transaction on Form 4.

Accepted by SEC EDGAR 06/23/2025 - 11:21 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Progressive Corporation (PGR) Chief Information Officer Steven Broz reported a significant insider transaction on Form 4. On June 20, 2025, Broz sold 1,267 shares of common stock at a price of $260.38 per share, totaling approximately $329,901.46.

Following the transaction, Broz retains direct ownership of 27,620.695 shares of Progressive common stock. The sale was executed according to a pre-established 10b5-1 trading plan adopted by Broz on January 30, 2025, which provides a safe harbor from insider trading allegations by establishing predetermined trading parameters.

This transaction represents a planned reduction in the executive's holdings while maintaining significant equity stake in the company. The use of a 10b5-1 plan demonstrates compliance with securities regulations and corporate governance best practices.

Insider Trade Summary

Net Seller: 1,267 shares

Net Sell 1 txn

Insider Broz Steven

Role Chief Information Officer

Sold 1,267 shs ($330K)

Share of Position Sold 4.4%

Type	Security	Shares	Price	Value
Sale	Common	1,267	$260.38	$330K

Holdings After Transaction: Common — 27,620.695 shares (Direct)

Holdings Before and After: Common, 28,887.695 to 27,620.695 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

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 January 30, 2025.

FAQ

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

How many PGR shares did CIO Steven Broz sell on June 20, 2025?

According to the Form 4 filing, Progressive Corporation's Chief Information Officer Steven Broz sold 1,267 shares of common stock on June 20, 2025, at a price of $260.38 per share.

How many PGR shares does Steven Broz own after the June 2025 transaction?

Following the reported transaction, Steven Broz directly owns 27,620.695 shares of Progressive Corporation (PGR) common stock.

Was the PGR insider trade by Steven Broz part of a 10b5-1 trading plan?

Yes, the Form 4 filing explicitly states that this transaction was made pursuant to a 10b5-1 trading plan that was adopted by Steven Broz on January 30, 2025.

What is Steven Broz's position at PGR?

Steven Broz serves as the Chief Information Officer (CIO) of Progressive Corporation, as indicated in the Form 4 filing under the Relationship of Reporting Person(s) to Issuer section.

What was the total value of PGR shares sold by Steven Broz in the June 2025 transaction?

Steven Broz sold 1,267 shares at $260.38 per share, making the total value of the transaction approximately $329,901.46.

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

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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).

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^*

Broz Steven

(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)
	Chief Information Officer

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)		1,267	D	$260.38	27,620.695	D

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 January 30, 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.