Progress Corp Oh SEC Filings

Progressive Corp. (PGR) – Form 4 filed 15 Jul 2025

Independent director Charles A. Davis disclosed two small, automatic acquisitions of derivative equity interests on 11 Jul 2025.

• 7.857 Phantom Stock Units (restricted stock) were acquired via dividend-equivalent reinvestment; each unit converts 1-for-1 into Progressive common shares.
• An additional 1.916 Phantom Stock Units were credited under the same plan the same day.
• No cash consideration was paid (exercise price reported as $0).
• Units will be settled in cash at a future date elected by the director, per plan rules.
• Post-transaction holdings stand at 19,402.3065 restricted Phantom Stock Units and 4,731.5268 regular Phantom Stock Units, all reported as directly owned.

The filing shows routine dividend reinvestment rather than an active purchase or sale of Progressive common stock, and the aggregate increase—fewer than 10 share equivalents—is immaterial relative to the company’s total shares outstanding. No Rule 10b5-1 trading plan was indicated.

Pamela J. Craig, a director of Progressive Corporation (PGR), filed a Form 4 on 07/15/2025 reporting a routine dividend-related transaction dated 07/11/2025. The filing shows the automatic acquisition of 2.3842 phantom stock units through the reinvestment of dividend equivalents under the company’s deferred compensation plan. Each phantom unit is economically equivalent to one share of Progressive common stock and will be settled in cash, not stock, at a future date elected by the director or otherwise stipulated by the plan. Following the transaction, Craig’s total holding under the plan increased to 5,887.6837 phantom stock units. No open-market purchases or sales of Progressive common shares were reported, and there were no changes in non-derivative share ownership.

The transaction was coded “A” (acquisition) and priced at $0, reflecting its nature as a cash-settled, plan-based award rather than a market trade. Because the acquisition arises from dividend reinvestment and involves a de minimis quantity relative to Progressive’s outstanding share count, the filing is considered administratively routine with limited direct market impact.

Progressive Corporation (PGR) – Form 4 insider filing

President & CEO Susan Patricia Griffith reported two gift (Code G) transactions dated 07/07/2025, executed pursuant to a Rule 10b5-1 trading plan adopted on 03/30/2025.

• 2,285 common shares gifted from her direct holdings.
• 2,715 common shares gifted from indirect holdings in her husband’s trust.

No cash consideration was received (price $0). After the transfers, Griffith’s beneficial ownership stands at 476,285.601 shares held directly, 53,737.096 shares held indirectly via her husband’s trust, plus 15,757.628 shares in a 401(k) plan and 19,108 shares held by her spouse. The filing reflects a redistribution of shares within the family estate rather than an open-market sale.

Progressive Corporation (PGR) – Form 4 insider transaction

Vice President and Chief Financial Officer John P. Sauerland filed a Form 4 for a single non-derivative transaction executed on 30 Jun 2025. Under a previously adopted Rule 10b5-1 trading plan (effective 22 Aug 2024), Sauerland sold 10,000 common shares at $263.79 per share, generating gross proceeds of roughly $2.64 million.

After the sale, the executive reports:

• 228,024.069 shares held directly
• 13,577.06 shares held indirectly through the company 401(k) plan

No derivative securities were acquired or disposed of, and no additional transactions were disclosed. The filing was signed on 2 Jul 2025 by attorney-in-fact Sarah R. D’Amore.

The transaction reduces Sauerland’s direct holdings by approximately 4.2% yet leaves him with a substantial equity position. Because the sale was pre-scheduled under a 10b5-1 plan, it may carry less informational weight than unscheduled sales; however, investors often track senior executive dispositions for sentiment signals.

Progressive Corporation (PGR) Chief Marketing Officer Maribel Pumarejo received a new grant of 1,336 Restricted Stock Units (RSUs) on June 23, 2025. The RSUs will vest in three equal annual installments on January 18, 2028, January 16, 2029, and January 15, 2030.

Key details of the transaction:

• Each RSU represents a contingent right to receive one common share
• The conversion price is $0
• Following the transaction, Pumarejo beneficially owns 5,817.07 derivative securities
• The ownership form is Direct (D)

This Form 4 filing was submitted on June 28, 2025, and was signed by Sarah R. D'Amore via Power of Attorney on June 25, 2025. The grant appears to be part of Progressive's executive compensation program.

Progressive Corporation (PGR) has filed a Form 3 reporting the initial beneficial ownership of securities for Maribel Pumarejo, who has been appointed as Chief Marketing Officer. The filing date is June 28, 2025, with the event date being June 15, 2025.

Key ownership details:

• Non-Derivative Securities: Owns 1,027.407 shares of common stock indirectly through a 401(k) Plan
• Derivative Securities: Holds 4,481.07 Restricted Stock Units (RSUs) with scheduled vesting through 2030

The RSUs will vest in three approximately equal installments in the third, fourth, and fifth January following the grant date. Specific vesting schedule: 1,043.968 units (1/20/2026), 1,344.682 units (1/19/2027), 1,108.342 units (1/18/2028), 801.011 units (1/16/2029), and 183.067 units (1/15/2030). Each RSU represents a right to receive one Common Share upon vesting.