Susan Patricia Griffith - Jan 1, 2023 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Stock symbol
PGR
Transactions as of
Jan 1, 2023
Transactions value $
-$2,575,056
Form type
4
Date filed
1/4/2023, 02:54 PM
Previous filing
Oct 18, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +46.8K +10.83% $0.00 479K Jan 1, 2023 Direct F1
transaction PGR Common Tax liability -$2.58M -19.9K -4.15% $129.53 459K Jan 1, 2023 Direct
transaction PGR Common Gift $0 -13 0% $0.00 459K Jan 3, 2023 Direct F2
transaction PGR Common Gift $0 -8.94K -9.74% $0.00 82.8K Jan 3, 2023 Husband's Trust F2, F3
holding PGR Common 15.3K Jan 1, 2023 401(k) Plan
holding PGR Common 19.1K Jan 1, 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 -46.8K -32.84% $0.00 95.6K Jan 1, 2023 Common 46.8K 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.