Clawson William L. II 4

What Happened
William L. Clawson II, Chief Human Resources Officer of Progressive Corp. (PGR), was granted 2,926 restricted stock units (RSUs) on March 24, 2026. The units are derivative awards (no cash paid at grant — reported price $0.00) that represent a contingent right to receive one common share per unit upon vesting. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (filed promptly).
• Award: 2,926 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting schedule (per filing footnote): vests in three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031, subject to plan terms and potential forfeiture.
• Each RSU converts into one common share upon vesting (footnote).
• Shares owned after the transaction: not specified in the provided filing details.
• No sale, purchase, tax-withholding, or 10b5-1 plan noted in this filing.

Context: RSU grants are routine executive compensation and do not represent an immediate purchase or sale of stock. Value to the insider and the issuer depends on Progressive’s share price at vesting; these awards typically align management incentives with long-term shareholder value but do not, by themselves, signal near-term trading intent.