John Jo Murphy - 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
-$890,997
Form type
4
Filing time
23 Jan 2025, 14:53:26 UTC
Previous filing
21 Jan 2025
Next filing
26 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +3,663 +8.1% $0.000000 48,951 21 Jan 2025 Direct F1
transaction PGR Common Tax liability $337,513 -1,387 -2.8% $243.34 47,564 21 Jan 2025 Direct
transaction PGR Common Sale $553,485 -2,275 -4.8% $243.29 45,289 22 Jan 2025 Direct F2
holding PGR Common 15,157 21 Jan 2025 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 -3,663 -22% $0.000000 12,678 21 Jan 2025 Common 3,663 Direct F1, F3, F4, F5
* 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 May 16, 2024.
F3 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F4 Units vested on January 21, 2025.
F5 Expiration Date is the same as the Date Exercisable.