Progressive (PGR) strategy & finance chief receives 2,926 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quigg Andrew J reported acquisition or exercise transactions in this Form 4 filing.
Progressive Corp (PGR) Chief Strategy & Finance Manager Andrew J. Quigg received a grant of 2,926 Restricted Stock Units. Each unit represents a contingent right to one common share. The units vest in three equal annual installments on January 16, 2029, January 15, 2030, and January 21, 2031, subject to the plan and award terms. After this award, Quigg holds 12,151.01 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quigg Andrew J
Role
Chief Strategy & Finance Manag
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,926 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 12,151.01 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.
FAQ
What did Andrew J. Quigg report in this Form 4 for Progressive (PGR)?
Andrew J. Quigg reported receiving 2,926 Restricted Stock Units as compensation. Each unit represents a contingent right to receive one Progressive common share under the company’s equity plan, increasing his directly held RSU balance to 12,151.01 units after the grant.
How many Restricted Stock Units did PGR executive Andrew Quigg receive?
Andrew Quigg received 2,926 Restricted Stock Units linked to Progressive common shares. These units were granted at a price of $0.0000 per unit as equity compensation and increase his total directly held RSUs to 12,151.01 following this transaction.
When do Andrew Quigg’s new PGR Restricted Stock Units vest?
The 2,926 Restricted Stock Units 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 plan and award agreement provisions.
What does each Progressive (PGR) Restricted Stock Unit granted to Andrew Quigg represent?
Each Restricted Stock Unit represents a contingent right to receive one Progressive common share. The units do not immediately deliver shares; instead, shares are issued as vesting conditions are satisfied according to the company’s equity incentive plan and the specific award agreement.
How significant is Andrew Quigg’s current PGR RSU position after this grant?
After this grant, Andrew Quigg directly holds 12,151.01 Restricted Stock Units in Progressive. This figure reflects only the RSU position visible in the filing and represents the accumulated equity-based compensation reported through this particular transaction record.