Patrick K. Callahan - Jul 15, 2021 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Personal Lines President
Signature: /s/ Laurie F. Humphrey, By Power of Attorney
Stock symbol: PGR
Transactions as of: Jul 15, 2021
Transactions value $: -$995,613
Form type: 4
Date filed: 7/19/2021, 12:23 PM
Next filing: Oct 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGR	Common	Award	$0	+23.4K	+178.28%	$0.00	36.6K	Jul 16, 2021	Direct	F1
transaction	PGR	Common	Tax liability	-$996K	-10.5K	-28.75%	$94.64	26.1K	Jul 16, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PGR	Restricted Stock Unit	Award	$0	+34.1	+0.11%	$0.00	31.6K	Jul 15, 2021	Common	34.1		Direct	F2, F3, F4
transaction	PGR	Deferred Comp Unit	Award	$0	+93.5	+0.11%	$0.00	88K	Jul 15, 2021	Common	93.5		Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were issued pursuant to the vesting of performance-based restricted stock unit awards made in 2018, including dividend equivalent units accrued since the grant date.
F2	Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F3	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.
F4	Expiration Date is the same as the Date Exercisable.
F5	1 for 1
F6	These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.