Susan Patricia Griffith - 21 Jan 2025 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Signature
/s/ Allyson L. Bach, By Power of Attorney
Issuer symbol
PGR
Transactions as of
21 Jan 2025
Net transactions value
-$4,861,625
Form type
4
Filing time
23 Jan 2025, 14:36:58 UTC
Previous filing
21 Jan 2025
Next filing
25 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +19,982 +4.2% $0.000000 493,717 21 Jan 2025 Direct F1
transaction PGR Common Tax liability $2,180,326 -8,960 -1.8% $243.34 484,757 21 Jan 2025 Direct
transaction PGR Common Sale $2,681,299 -11,021 -2.3% $243.29 473,736 22 Jan 2025 Direct F2
holding PGR Common 15,752 21 Jan 2025 401(k) Plan
holding PGR Common 19,108 21 Jan 2025 Husband's Common
holding PGR Common 56,452 21 Jan 2025 Husband's Trust F3

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 -19,982 -32% $0.000000 41,526 21 Jan 2025 Common 19,982 Direct F1, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 February 28, 2024.
F3 Held in a trust for the benefit of reporting person's spouse.
F4 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F5 Units vested on January 21, 2025.
F6 Expiration Date is the same as the Date Exercisable.