John P. Sauerland - Jul 15, 2021 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role
VP and Chief Financial Officer
Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Stock symbol
PGR
Transactions as of
Jul 15, 2021
Transactions value $
-$3,778,799
Form type
4
Date filed
7/19/2021, 02:32 PM
Previous filing
Jun 21, 2021
Next filing
Aug 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Sale -$1.09M -12K -4.04% $90.54 285K Jul 15, 2021 Direct F1
transaction PGR Common Award $0 +63.4K +22.28% $0.00 348K Jul 16, 2021 Direct F2
transaction PGR Common Tax liability -$2.69M -28.4K -8.17% $94.64 320K Jul 16, 2021 Direct
holding PGR Common 12.9K Jul 15, 2021 401(k) Plan
holding PGR Common 1.2K Jul 15, 2021 By Child

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 +67.2 +0.11% $0.00 62.2K Jul 15, 2021 Common 67.2 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of February 3, 2021.
F2 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.
F3 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F4 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.
F5 Expiration Date is the same as the Date Exercisable.