John P. Sauerland - Jan 1, 2022 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
Jan 1, 2022
Transactions value $
-$926,886
Form type
4
Date filed
1/4/2022, 02:56 PM
Previous filing
Dec 30, 2021
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +23.4K +7.59% $0.00 331K Jan 1, 2022 Direct F1
transaction PGR Common Tax liability -$927K -9.08K -2.74% $102.08 322K Jan 1, 2022 Direct
holding PGR Common 13.2K Jan 1, 2022 401(k) Plan
holding PGR Common 1.2K Jan 1, 2022 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 Options Exercise $0 -23.4K -36.95% $0.00 39.9K Jan 1, 2022 Common 23.4K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Shares issued upon the vesting of restricted stock unit awards, including dividend equivalent units. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
F2 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F3 Units vested on January 1, 2022.
F4 Expiration Date is the same as the Date Exercisable.