Quigg Andrew J 4

Accession 0000080661-26-000060

CIK 0000080661other

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 12:50 PM ET

Size

8.5 KB

Accession

0000080661-26-000060

AI-generated summary of this filing

Updated Jan 22, 2026

Progressive (PGR) CSO Andrew Quigg Receives RSUs, Withholds 1,459 Shares

What Happened

Andrew J. Quigg, Chief Strategy Officer at Progressive (PGR), had 4,756.815 restricted stock units (RSUs) vest on January 20, 2026. Those RSUs converted into the same number of common shares (reported as derivative exercise/conversion, code M) at no exercise price ($0.00).
To satisfy tax withholding obligations (code F), 1,459 shares were surrendered/withheld at a reported value of $201.32 per share, totaling $293,726. The remaining ~3,297.815 shares were retained by Quigg.

Key Details

Transaction date: January 20, 2026 (Form 4 filed Jan 22, 2026 — appears timely).
RSUs vested/converted: 4,756.815 shares (code M), $0 exercise price.
Tax withholding: 1,459 shares withheld (code F) at $201.32/share = $293,726.
Net shares retained from the vesting event: ~3,297.815 shares.
Footnotes: RSUs represent contingent rights to receive one common share each; units vested on Jan 20, 2026. The filing reports issuance upon vesting and the disposition (withholding) to cover taxes.
Shares owned after transaction: Not specified in the provided excerpt of the Form 4.

Context

This was an RSU vesting event, not an open-market purchase or sale. The surrender of shares was a tax-withholding action (common, not a market sale) rather than a disposition indicating bearish sentiment.
For retail investors, such transactions are routine compensation-related events; they signal management receiving equity but do not by themselves indicate a change in insider conviction.

Form 4

Period: 2026-01-20

Chief Strategy Officer

Transactions

Exercise/Conversion
Common
[F1]
2026-01-20+4,756.815→ 42,734.185 total
Tax Payment
Common
2026-01-20$201.32/sh−1,459$293,726→ 41,275.185 total
Exercise/Conversion
Restricted Stock Unit
[F2][F1][F3][F4]
2026-01-20−4,756.815→ 9,225.01 total
→ Common (4,756.815 underlying)

Footnotes (4)

[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]Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
[F3]Units vested on January 20, 2026.
[F4]Expiration Date is the same as the Date Exercisable.

Signature

/s/ Allyson L. Bach, By Power of Attorney|2026-01-22

1 file

PROGRESSIVE CORP/OH/

CIK 0000080661

Entity typeother