Pamela J. Craig - May 12, 2023 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role
Director
Signature
/s/ Allyson L. Bach, By Power of Attorney
Stock symbol
PGR
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 11:31 AM
Previous filing
Apr 18, 2023
Next filing
May 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Award $0 +1.53K +24.58% $0.00 7.75K May 12, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock grant made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan, and which will vest on April 12, 2024. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2023-2024 term in the form of 100% restricted stock or 60% restricted stock and 40% cash. The reporting person indicated a preference to receive compensation in the form of 60% restricted stock and 40% cash. After considering such preference, the Compensation Committee granted a restricted stock award representing 60% of the reporting person's compensation for the 2023-2024 term, and authorized a cash payment on April 12, 2024 for the remaining 40% of the reporting person's compensation.