Bailo Karen 4

What Happened
Karen Bailo, Commercial Lines President at Progressive (PGR), sold 3,517 shares on March 5, 2026, at $212.00 per share, generating proceeds of $745,604. The filing reports a sale (disposition) — a routine insider sale rather than a purchase.

Key Details

• Transaction date and price: 2026-03-05, 3,517 shares sold at $212.00 each.
• Total value: $745,604 (proceeds).
• Transaction type: Sale (open market or private sale reported as "S").
• Footnote: The sale was made under a pre-established 10b5-1 trading plan adopted by Bailo on November 20, 2025.
• Filing date/timeliness: Form 4 filed March 9, 2026 (filed within the standard 2-business-day reporting window).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
A 10b5-1 plan indicates the sale was pre-arranged and executed under an automatic plan, which often reduces the significance of the sale as a signal about the insider’s views on the company. Insider sales are common and can be for many personal or tax reasons; they are not by themselves proof of company outlook.