Karen Bailo - 01 May 2022 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Commercial Lines President
Signature: /s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol: PGR
Transactions as of: 01 May 2022
Net transactions value: -$134,274
Form type: 4
Filing time: 03 May 2022, 16:14:16 UTC
Previous filing: 18 Apr 2022
Next filing: 19 Jul 2022
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	+2,806	+8%	$0.000000	37,852	01 May 2022	Direct	F1
transaction	PGR	Common	Tax liability	$134,274	-1,233	-3.3%	$108.90	36,619	01 May 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	-2,806	-14%	$0.000000	17,149	01 May 2022	Common	2,806		Direct	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 as a result of the reporting person having satisfied the eligibility requirements for a qualified retirement as defined in the applicable plan or award agreement. 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 May 1, 2022.
F4	Expiration Date is the same as the Date Exercisable.