Barbara R. Snyder - 20 Jul 2021 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Director
Signature: /s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol: PGR
Transactions as of: 20 Jul 2021
Net transactions value: -$42,263
Form type: 4
Filing time: 22 Jul 2021, 14:59:00 UTC
Previous filing: 19 Jul 2021
Next filing: 04 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGR	Common	Options Exercise	$0	+4,809	+44%	$0.000000	15,645	20 Jul 2021	Direct	F1
transaction	PGR	Common	Disposed to Issuer	$42,263	-446	-2.9%	$94.68	15,198	20 Jul 2021	Direct	F1

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	Phantom Stock Unit (rest. Stock)	Options Exercise	$0	-4,809	-13%	$0.000000	31,726	20 Jul 2021	Common	4,809	$0.000000	Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Reflects a distribution under a director deferral plan pursuant to previously made elections. In accordance with the plan, the restricted shares originally deferred were distributed in the form of Common Shares and all related dividend equivalent units were distributed in the form of cash.
F2	1 for 1
F3	Units deferred from restricted Common Shares upon vesting will be distributed in an equivalent number of Common Shares at the time elected by the reporting person or at such other time determined in accordance with the deferral plan. Units 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 deferral plan.
F4	Expiration Date is the same as Date Exercisable.