Jonathan S. Bauer - 01 Jan 2024 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Chief Investment Officer
Signature: /s/ Allyson L. Bach, By Power of Attorney
Issuer symbol: PGR
Transactions as of: 01 Jan 2024
Net transactions value: -$151,210
Form type: 4
Filing time: 03 Jan 2024, 15:41:59 UTC
Previous filing: 29 Nov 2023
Next filing: 18 Jan 2024
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	+2,669	+12%	$0.000000	24,576	01 Jan 2024	Direct	F1
transaction	PGR	Common	Tax liability	$151,210	-942	-3.8%	$160.52	23,634	01 Jan 2024	Direct
holding	PGR	Common						112	01 Jan 2024	401(k)

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	-2,669	-16%	$0.000000	14,524	01 Jan 2024	Common	2,669		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, 2024.
F4	Expiration Date is the same as the Date Exercisable.