Progressive CEO Reports 30,659-Share Sale; 10b5-1 Plan in Effect
Rhea-AI Filing Summary
Susan Patricia Griffith, President and CEO and director of The Progressive Corporation (PGR), reported transactions on Form 4 dated 09/02/2025 executed under a 10b5-1 trading plan adopted March 30, 2025. She sold 30,659 common shares at a weighted average price of $246.058 (sales executed at prices between $244.875 and $247.600). The filing also shows a 5,000-share disposition coded G on the same date with no cash price reported. After the reported transactions, the filing lists 471,286.043 shares beneficially owned directly and additional indirect holdings of 15,763.996 shares in a 401(k) plan, 19,108 shares held in the reporting person’s husband’s name, and 53,737.096 shares held in the husband’s trust.
Positive
- Transaction executed under a 10b5-1 plan, indicating pre-arranged sales rather than opportunistic insider trading
- Weighted average sale price disclosed ($246.058) and price range provided ($244.875 to $247.600), with offer to supply per-trade details for transparency
- Substantial residual ownership remains with 471,286.043 shares reported directly after the transactions plus indirect holdings
Negative
- None.
Insights
TL;DR: Insider sales were executed under a pre-established 10b5-1 plan; holdings remain materially large with several indirect holdings.
The Form 4 shows a routine disposition under a 10b5-1 trading plan adopted March 30, 2025, indicating the sales were pre-planned rather than opportunistic. The report discloses both direct and indirect ownership components, including retirement plan assets and spouse-related holdings, which together provide a fuller view of the reporting person’s economic exposure to PGR equity. The filing includes a weighted average sale price and a price range for the executed trades, and the reporting person offers to provide detailed per-trade pricing on request, which supports transparency.
TL;DR: Sales reduced direct holdings modestly; reported prices and volumes are clearly disclosed but do not indicate unusual activity.
The Form 4 reports a sale of 30,659 shares at a weighted average of $246.058 and a separate 5,000-share disposition coded G with no cash amount. Aggregate direct beneficial ownership after the transactions is shown as 471,286.043 shares with additional indirect holdings of 15,763.996 shares (401(k)), 19,108 shares (husband), and 53,737.096 shares (husband’s trust). The transaction pricing range ($244.875 to $247.600) is disclosed and the filer commits to provide per-trade details on request, enabling precise valuation reconciliation if needed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common | 30,659 | $246.058 | $7.54M |
| Gift | Common | 5,000 | $0.00 | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
Footnotes (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 30, 2025. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $244.875 and $247.600, inclusive. The reporting person undertakes to provide to The Progressive Corporation, any security holder of The Progressive Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Held in a trust for the benefit of reporting person's spouse.
