Quigg Andrew J 4

What Happened
Andrew J. Quigg, Chief Strategy Officer of Progressive (PGR), reported an open-market sale of 1,649 shares on 2026-01-21 at $204.35 per share, for total proceeds of $336,973. The filing (Form 4) was submitted on 2026-01-22. This was a sale (transaction code S), which is often routine and does not by itself indicate a change in insider sentiment.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-22 (timely within Form 4 rules).
• Price per share: $204.35; Shares sold: 1,649; Total value: $336,973.
• Transaction type: Open-market sale (code S).
• Shares owned after transaction: Not specified in the information provided on this summary.
• Footnote: Reported sale was made pursuant to a 10b5-1 trading plan adopted by the reporting person on January 30, 2025 (prearranged trading plan).
• No indication in the filing provided that the report was late.

Context
A 10b5-1 plan lets insiders sell preplanned amounts at set times or conditions and is commonly used to avoid trading-window issues; trades under such plans are typically pre-scheduled and not necessarily a signal about the company’s near-term prospects. Sales can reflect routine matters (diversification, liquidity, tax planning) rather than a change in confidence; retail investors should consider this sale alongside other insider activity and company fundamentals.