M. Jeffrey Charney - 01 Jan 2022 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Chief Marketing Officer
Signature: /s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol: PGR
Transactions as of: 01 Jan 2022
Net transactions value: -$158,020
Form type: 4
Filing time: 04 Jan 2022, 16:02:12 UTC
Previous filing: 30 Dec 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	+4,943	+8.9%	$0.000000	60,720	01 Jan 2022	Direct	F1
transaction	PGR	Common	Tax liability	$158,020	-1,548	-2.5%	$102.08	59,172	01 Jan 2022	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	Options Exercise	$0	-4,943	-22%	$0.000000	17,527	01 Jan 2022	Common	4,943		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.