John P. Sauerland - Jan 1, 2023 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, 2023
Transactions value $
-$1,262,011
Form type
4
Date filed
1/4/2023, 03:50 PM
Previous filing
Nov 7, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +24.1K +7.33% $0.00 353K Jan 1, 2023 Direct F1
transaction PGR Common Tax liability -$1.26M -9.74K -2.76% $129.53 343K Jan 1, 2023 Direct
holding PGR Common 13.2K Jan 1, 2023 401(k) Plan

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 -24.1K -52.2% $0.00 22.1K Jan 1, 2023 Common 24.1K 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, 2023.
F4 Expiration Date is the same as the Date Exercisable.