Progressive (PGR) CFO awarded 3,901 RSUs vesting 2029–2031

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sauerland John P reported acquisition or exercise transactions in this Form 4 filing.

Progressive Corp. reported that its Vice President and Chief Financial Officer, John P. Sauerland, received a grant of 3,901 Restricted Stock Units. Each unit represents a contingent right to receive one common share. Following this award, his reported RSU holdings total 16,731.542 units.

The RSUs will vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the company’s compensation plan and award agreement. This is a compensation-related equity award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sauerland John P

Role VP and Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	3,901	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 16,731.542 shares (Direct)

Footnotes (1)

Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement. Expiration Date is the same as the Date Exercisable.

Form 4 Insider Transactions: What Each Field Means →

03/25/2026 - 02:32 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Sauerland John P

(Last)

(First)

(Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE

OHIO

44143

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROGRESSIVE CORP/OH/ [ PGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP and Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	03/24/2026		A		3,901		⁽²⁾	⁽³⁾	Common	3,901	$0	16,731.542	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.

2. These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.

3. Expiration Date is the same as the Date Exercisable.

	/s/ Laurie F. Humphrey, By Power of Attorney	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Progressive (PGR) report for CFO John P. Sauerland?

Progressive reported a compensation-related equity grant to CFO John P. Sauerland. He received 3,901 Restricted Stock Units, each representing one common share, increasing his reported RSU holdings to 16,731.542 units after the award, with no open-market buying or selling involved.

How many Restricted Stock Units did the Progressive (PGR) CFO receive?

CFO John P. Sauerland received 3,901 Restricted Stock Units. Each unit is a contingent right to one common share of Progressive stock, granted at no purchase price as part of his compensation, and subject to future vesting conditions and possible forfeiture under plan terms.

When do the new Progressive (PGR) RSUs granted to the CFO vest?

The 3,901 RSUs granted to the Progressive CFO vest in three equal annual installments. Vesting dates are January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture under the company’s compensation plan and award agreement.

Did the Progressive (PGR) CFO buy or sell shares in the market in this Form 4?

No market transaction occurred in this Form 4. The filing shows a grant of 3,901 Restricted Stock Units as compensation, coded as an acquisition (A), not an open-market purchase or sale, and carries a price per unit of $0.0000 in the disclosure.

What are the CFO’s RSU holdings in Progressive (PGR) after this grant?

After receiving 3,901 new RSUs, CFO John P. Sauerland is reported as holding 16,731.542 Restricted Stock Units. Each RSU represents a contingent right to receive one common share of Progressive stock, subject to the vesting schedule and plan conditions described.