M. Jeffrey Charney - Jul 15, 2021 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Chief Marketing Officer
Signature: /s/ Laurie F. Humphrey, By Power of Attorney
Stock symbol: PGR
Transactions as of: Jul 15, 2021
Transactions value $: -$1,100,379
Form type: 4
Date filed: 7/19/2021, 12:29 PM
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGR	Common	Award	$0	+25.9K	+46.47%	$0.00	81.7K	Jul 16, 2021	Direct	F1
transaction	PGR	Common	Tax liability	-$1.1M	-11.6K	-14.23%	$94.64	70.1K	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	+23.9	+0.11%	$0.00	22.1K	Jul 15, 2021	Common	23.9		Direct	F2, F3, F4

* 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.