[Form 4] Progressive Corporation Insider Trading Activity
Progressive Corp. (PGR) 鈥� Form 4, 25-Jul-2025: President & CEO Susan P. Griffith reported the vesting of 111,142.442 performance-based RSUs granted in 2022 (includes dividend equivalents). These shares were added to her direct stake at $0 cost.
To cover withholding taxes she executed a Code 鈥淔鈥� sale of 49,823 shares at $249.44, raising 鈮�$12.4 million. Net of the sale, Griffith鈥檚 direct ownership grew by about 61,319 shares (+11%) to 537,605.043. Indirect holdings remain at 88,603 shares across a 401(k) plan and two family accounts.
No derivative transactions were reported. The activity reflects routine tax settlement on an incentive award and results in a higher net equity position, reinforcing management-shareholder alignment.
Progressive Corp. (PGR) 鈥� Modulo 4, 25-lug-2025: La Presidente e CEO Susan P. Griffith ha comunicato il maturare di 111.142,442 RSU basate su performance concesse nel 2022 (inclusi equivalenti dividendi). Queste azioni sono state aggiunte alla sua partecipazione diretta a costo zero.
Per coprire le tasse di ritenuta ha effettuato una vendita di tipo Codice 鈥淔鈥� di 49.823 azioni a $249,44, incassando circa $12,4 milioni. Al netto della vendita, la propriet脿 diretta di Griffith 猫 aumentata di circa 61.319 azioni (+11%) raggiungendo 537.605,043. Le partecipazioni indirette restano a 88.603 azioni distribuite tra un piano 401(k) e due conti familiari.
Non sono state riportate transazioni su derivati. L'attivit脿 riflette una normale liquidazione fiscale su un premio incentivante e comporta una posizione azionaria netta pi霉 elevata, rafforzando l'allineamento tra management e azionisti.
Progressive Corp. (PGR) 鈥� Formulario 4, 25-jul-2025: La Presidenta y CEO Susan P. Griffith inform贸 la consolidaci贸n de 111,142.442 RSU basadas en desempe帽o otorgadas en 2022 (incluye equivalentes a dividendos). Estas acciones se a帽adieron a su participaci贸n directa a costo cero.
Para cubrir impuestos retenidos ejecut贸 una venta bajo el C贸digo 鈥淔鈥� de 49,823 acciones a $249.44, recaudando aproximadamente $12.4 millones. Neto de la venta, la propiedad directa de Griffith creci贸 en unas 61,319 acciones (+11%) hasta 537,605.043. Las tenencias indirectas permanecen en 88,603 acciones distribuidas en un plan 401(k) y dos cuentas familiares.
No se reportaron transacciones con derivados. La actividad refleja una liquidaci贸n fiscal rutinaria sobre un premio por incentivos y resulta en una posici贸n neta de acciones mayor, reforzando la alineaci贸n entre la gerencia y los accionistas.
Progressive Corp. (PGR) 鈥� Form 4, 2025雲� 7鞗� 25鞚�: 靷灔 瓴� CEO鞚� Susan P. Griffith臧� 2022雲勳棎 攵�鞐悳 靹标臣 旮半皹 RSU 111,142.442欤�(氚半嫻旮� 靸侂嫻鞎� 韽暔)鞚� 甓岆Μ 頇曥爼(氩犾姢韺�)鞚� 氤搓碃頄堨姷雼堧嫟. 鞚� 欤检嫕霌れ潃 牍勳毄 鞐嗢澊 攴鸽厐鞚� 歆侅爲 歆�攵勳棎 於旉皜霅橃棃鞀惦媹雼�.
鞗愳矞歆曥垬靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 旖旊摐 鈥淔鈥� 毵る弰搿� 49,823欤茧ゼ 欤茧嫻 $249.44鞐� 毵る弰頃橃棳 鞎� $12.4氚彪毳� 臁半嫭頄堨姷雼堧嫟. 毵る弰 頉� 靾滌垬頃橁矊 Griffith鞚� 歆侅爲 靻岇湢 欤检嫕鞚� 鞎� 61,319欤�(+11%) 歃濌皜頃橃棳 齑� 537,605.043欤缄皜 霅橃棃鞀惦媹雼�. 臧勳爲 氤挫湢 欤检嫕鞚� 401(k) 頂岆灉瓿� 霊� 臧�臁� 瓿勳鞐� 瓯胳硱 88,603欤茧 鞙犾霅╇媹雼�.
韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 頇滊彊鞚� 鞚胳劶韹半笇 靾橃儊鞐� 霐半ジ 鞚茧皹鞝侅澑 靹戈笀 鞝曥偘鞚� 氚橃榿頃橂┌, 靾滌＜鞁� 氤挫湢霟� 歃濌皜搿� 瓴届榿歆勱臣 欤检＜ 臧勳潣 鞚错暣甏�瓿� 鞚检箻毳� 臧曧檾頃╇媹雼�.
Progressive Corp. (PGR) 鈥� Formulaire 4, 25 juil. 2025 : La Pr茅sidente et CEO Susan P. Griffith a d茅clar茅 la lev茅e de 111 142,442 RSU bas茅es sur la performance accord茅es en 2022 (incluant les 茅quivalents dividendes). Ces actions ont 茅t茅 ajout茅es 脿 sa participation directe 脿 co没t nul.
Pour couvrir les imp么ts 脿 la source, elle a r茅alis茅 une vente Code 芦 F 禄 de 49 823 actions 脿 249,44 $, g茅n茅rant environ 12,4 millions de dollars. Net de la vente, la d茅tention directe de Griffith a augment茅 d'environ 61 319 actions (+11 %) pour atteindre 537 605,043. Les avoirs indirects restent 脿 88 603 actions r茅parties entre un plan 401(k) et deux comptes familiaux.
Aucune transaction sur d茅riv茅s n鈥檃 茅t茅 signal茅e. Cette op茅ration refl猫te un r猫glement fiscal courant sur une prime incitative et se traduit par une position nette en actions plus 茅lev茅e, renfor莽ant l鈥檃lignement entre la direction et les actionnaires.
Progressive Corp. (PGR) 鈥� Formular 4, 25. Juli 2025: Pr盲sidentin und CEO Susan P. Griffith meldete die Vesting von 111.142,442 leistungsabh盲ngigen RSUs, die 2022 gew盲hrt wurden (einschlie脽lich Dividenden盲quivalente). Diese Aktien wurden zu Nullkosten ihrem direkten Anteil hinzugef眉gt.
Zur Deckung der Quellensteuer f眉hrte sie einen Code-鈥淔鈥�-Verkauf von 49.823 Aktien zu je $249,44 durch und erzielte etwa $12,4 Millionen. Nach dem Verkauf stieg Griffiths direkter Besitz um etwa 61.319 Aktien (+11 %) auf 537.605,043. Indirekte Beteiligungen bleiben mit 88.603 Aktien in einem 401(k)-Plan und zwei Familienkonten unver盲ndert.
Keine Derivatgesch盲fte wurden gemeldet. Die Transaktion spiegelt eine routinem盲脽ige Steuerabwicklung einer Anreizpr盲mie wider und f眉hrt zu einer h枚heren Nettoaktienposition, was die Ausrichtung zwischen Management und Aktion盲ren st盲rkt.
- Net increase of ~61,319 shares raises CEO鈥檚 direct ownership to 537,605 shares, signalling stronger alignment with investors.
- Vesting of performance-based RSUs indicates underlying performance targets from the 2022 grant were achieved.
- 49,823 shares sold at $249.44 for tax withholding slightly offsets the award鈥檚 optical impact.
Insights
TL;DR: CEO鈥檚 RSU vesting boosts direct stake 11%; tax sale normal, net result signals continued insider alignment with PGR shareholders.
The 111k-share award increases Griffith鈥檚 exposure to Progressive鈥檚 equity and indicates performance goals were met. Even after a $12 million tax-withholding sale, her net position rose materially. While Form 4 trades rarely drive valuation by themselves, the directionally positive ownership change supports confidence in management鈥檚 outlook. No options were exercised, and no red flags appear.
TL;DR: Routine incentive payout; tax-related sale does not weaken governance stance.
Performance-based RSUs encourage long-term decision making. The CEO held ~56% of vested shares after settling taxes, exceeding many peer retention clauses. Transparent reporting and absence of derivative leverage reduce agency risk. Overall impact is modestly positive for governance quality.
Progressive Corp. (PGR) 鈥� Modulo 4, 25-lug-2025: La Presidente e CEO Susan P. Griffith ha comunicato il maturare di 111.142,442 RSU basate su performance concesse nel 2022 (inclusi equivalenti dividendi). Queste azioni sono state aggiunte alla sua partecipazione diretta a costo zero.
Per coprire le tasse di ritenuta ha effettuato una vendita di tipo Codice 鈥淔鈥� di 49.823 azioni a $249,44, incassando circa $12,4 milioni. Al netto della vendita, la propriet脿 diretta di Griffith 猫 aumentata di circa 61.319 azioni (+11%) raggiungendo 537.605,043. Le partecipazioni indirette restano a 88.603 azioni distribuite tra un piano 401(k) e due conti familiari.
Non sono state riportate transazioni su derivati. L'attivit脿 riflette una normale liquidazione fiscale su un premio incentivante e comporta una posizione azionaria netta pi霉 elevata, rafforzando l'allineamento tra management e azionisti.
Progressive Corp. (PGR) 鈥� Formulario 4, 25-jul-2025: La Presidenta y CEO Susan P. Griffith inform贸 la consolidaci贸n de 111,142.442 RSU basadas en desempe帽o otorgadas en 2022 (incluye equivalentes a dividendos). Estas acciones se a帽adieron a su participaci贸n directa a costo cero.
Para cubrir impuestos retenidos ejecut贸 una venta bajo el C贸digo 鈥淔鈥� de 49,823 acciones a $249.44, recaudando aproximadamente $12.4 millones. Neto de la venta, la propiedad directa de Griffith creci贸 en unas 61,319 acciones (+11%) hasta 537,605.043. Las tenencias indirectas permanecen en 88,603 acciones distribuidas en un plan 401(k) y dos cuentas familiares.
No se reportaron transacciones con derivados. La actividad refleja una liquidaci贸n fiscal rutinaria sobre un premio por incentivos y resulta en una posici贸n neta de acciones mayor, reforzando la alineaci贸n entre la gerencia y los accionistas.
Progressive Corp. (PGR) 鈥� Form 4, 2025雲� 7鞗� 25鞚�: 靷灔 瓴� CEO鞚� Susan P. Griffith臧� 2022雲勳棎 攵�鞐悳 靹标臣 旮半皹 RSU 111,142.442欤�(氚半嫻旮� 靸侂嫻鞎� 韽暔)鞚� 甓岆Μ 頇曥爼(氩犾姢韺�)鞚� 氤搓碃頄堨姷雼堧嫟. 鞚� 欤检嫕霌れ潃 牍勳毄 鞐嗢澊 攴鸽厐鞚� 歆侅爲 歆�攵勳棎 於旉皜霅橃棃鞀惦媹雼�.
鞗愳矞歆曥垬靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 旖旊摐 鈥淔鈥� 毵る弰搿� 49,823欤茧ゼ 欤茧嫻 $249.44鞐� 毵る弰頃橃棳 鞎� $12.4氚彪毳� 臁半嫭頄堨姷雼堧嫟. 毵る弰 頉� 靾滌垬頃橁矊 Griffith鞚� 歆侅爲 靻岇湢 欤检嫕鞚� 鞎� 61,319欤�(+11%) 歃濌皜頃橃棳 齑� 537,605.043欤缄皜 霅橃棃鞀惦媹雼�. 臧勳爲 氤挫湢 欤检嫕鞚� 401(k) 頂岆灉瓿� 霊� 臧�臁� 瓿勳鞐� 瓯胳硱 88,603欤茧 鞙犾霅╇媹雼�.
韺岇儩靸來拡 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 頇滊彊鞚� 鞚胳劶韹半笇 靾橃儊鞐� 霐半ジ 鞚茧皹鞝侅澑 靹戈笀 鞝曥偘鞚� 氚橃榿頃橂┌, 靾滌＜鞁� 氤挫湢霟� 歃濌皜搿� 瓴届榿歆勱臣 欤检＜ 臧勳潣 鞚错暣甏�瓿� 鞚检箻毳� 臧曧檾頃╇媹雼�.
Progressive Corp. (PGR) 鈥� Formulaire 4, 25 juil. 2025 : La Pr茅sidente et CEO Susan P. Griffith a d茅clar茅 la lev茅e de 111 142,442 RSU bas茅es sur la performance accord茅es en 2022 (incluant les 茅quivalents dividendes). Ces actions ont 茅t茅 ajout茅es 脿 sa participation directe 脿 co没t nul.
Pour couvrir les imp么ts 脿 la source, elle a r茅alis茅 une vente Code 芦 F 禄 de 49 823 actions 脿 249,44 $, g茅n茅rant environ 12,4 millions de dollars. Net de la vente, la d茅tention directe de Griffith a augment茅 d'environ 61 319 actions (+11 %) pour atteindre 537 605,043. Les avoirs indirects restent 脿 88 603 actions r茅parties entre un plan 401(k) et deux comptes familiaux.
Aucune transaction sur d茅riv茅s n鈥檃 茅t茅 signal茅e. Cette op茅ration refl猫te un r猫glement fiscal courant sur une prime incitative et se traduit par une position nette en actions plus 茅lev茅e, renfor莽ant l鈥檃lignement entre la direction et les actionnaires.
Progressive Corp. (PGR) 鈥� Formular 4, 25. Juli 2025: Pr盲sidentin und CEO Susan P. Griffith meldete die Vesting von 111.142,442 leistungsabh盲ngigen RSUs, die 2022 gew盲hrt wurden (einschlie脽lich Dividenden盲quivalente). Diese Aktien wurden zu Nullkosten ihrem direkten Anteil hinzugef眉gt.
Zur Deckung der Quellensteuer f眉hrte sie einen Code-鈥淔鈥�-Verkauf von 49.823 Aktien zu je $249,44 durch und erzielte etwa $12,4 Millionen. Nach dem Verkauf stieg Griffiths direkter Besitz um etwa 61.319 Aktien (+11 %) auf 537.605,043. Indirekte Beteiligungen bleiben mit 88.603 Aktien in einem 401(k)-Plan und zwei Familienkonten unver盲ndert.
Keine Derivatgesch盲fte wurden gemeldet. Die Transaktion spiegelt eine routinem盲脽ige Steuerabwicklung einer Anreizpr盲mie wider und f眉hrt zu einer h枚heren Nettoaktienposition, was die Ausrichtung zwischen Management und Aktion盲ren st盲rkt.
FAQ
How many Progressive (PGR) shares did the CEO acquire?
What price were shares sold at for tax purposes?
What is the CEO鈥檚 new direct ownership after the filing?
Were any derivative securities exercised in this Form 4?
Does the transaction suggest insider confidence in Progressive?
