Susan Patricia Griffith - 01 Jan 2023 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role
President and CEO, Director
Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol
PGR
Transactions as of
01 Jan 2023
Net transactions value
-$2,575,056
Form type
4
Filing time
04 Jan 2023, 14:54:01 UTC
Previous filing
18 Oct 2022
Next filing
06 Jan 2023
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 +46,767 +11% $0.000000 478,588 01 Jan 2023 Direct F1
transaction PGR Common Tax liability $2,575,056 -19,880 -4.2% $129.53 458,708 01 Jan 2023 Direct
transaction PGR Common Gift $0 -13 -0% $0.000000 458,695 03 Jan 2023 Direct F2
transaction PGR Common Gift $0 -8,935 -9.7% $0.000000 82,811 03 Jan 2023 Husband's Trust F2, F3
holding PGR Common 15,321 01 Jan 2023 401(k) Plan
holding PGR Common 19,108 01 Jan 2023 Husband's Common F4

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 -46,767 -33% $0.000000 95,647 01 Jan 2023 Common 46,767 Direct F1, F5, F6, F7
* 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 This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of September 16, 2022.
F3 Held in a trust for the benefit of reporting person's spouse.
F4 Shares previously held through Progressive's 401(k) by husband which were distributed to the husband on November 3, 2022.
F5 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F6 Units vested on January 1, 2023.
F7 Expiration Date is the same as the Date Exercisable.