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PROGRESSIVE CORP/OH/·4

Jan 22, 1:00 PM ET

Bauer Jonathan S. 4

Research Summary

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Progressive (PGR) CIO Jonathan Bauer Sells 3,105 Shares

What Happened
Jonathan S. Bauer, Chief Investment Officer of Progressive Corp. (PGR), sold 3,105 shares on 2026-01-21 at $204.35 per share, generating proceeds of approximately $634,507. The filing reports the sale as an open-market or private sale (code S).

Key Details

  • Transaction date and price: 2026-01-21 at $204.35 per share.
  • Total proceeds: ~ $634,507.
  • Transaction type: Sale (open-market/private sale), reported on Form 4 filed 2026-01-22 (timely).
  • Footnote: Sale was made pursuant to a 10b5-1 trading plan adopted by Mr. Bauer on August 21, 2025.
  • Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was a scheduled sale under a pre-established 10b5-1 plan, which allows insiders to sell shares according to predetermined rules and timing. Such planned sales are often routine and do not necessarily indicate a change in the insider’s view of the company.