Michael D. Sieger - Jul 15, 2021 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role
Claims President
Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Stock symbol
PGR
Transactions as of
Jul 15, 2021
Transactions value $
-$984,540
Form type
4
Date filed
7/19/2021, 02:18 PM
Previous filing
Jun 29, 2021
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 +50.49% $0.00 69.9K Jul 16, 2021 Direct F1
transaction PGR Common Tax liability -$985K -10.4K -14.89% $94.64 59.5K Jul 16, 2021 Direct
holding PGR Common 1.97 Jul 15, 2021 In 401(k)

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 +0.11% $0.00 21.4K Jul 15, 2021 Common 23 Direct F2, F3, F4
transaction PGR Deferred Comp Unit Award $0 +10.8 +0.11% $0.00 10.2K Jul 15, 2021 Common 10.8 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 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.