Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PGR | Common | Award | $0 | +87 | +1% | $0.00 | 8.77K | Aug 2, 2024 | Direct | F1 |
Id | Content |
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F1 | This restricted stock grant was made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan and will vest on April 11, 2025. It reflects pro-rated additional compensation for the 2024-2025 term associated with the reporting person's appointment to an additional committee. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2024-2025 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 100% restricted stock. After considering such preference, the Compensation and Talent Committee granted a restricted stock award representing 100% of the reporting person's additional pro-rated compensation for the 2024-2025 term. |