Griffith Susan Patricia 4

What Happened

• Susan Patricia Griffith, President, CEO and a Director of Progressive Corporation (PGR), received a grant of 5,608 restricted stock units (RSUs) on 2026-03-24. The RSUs were reported as acquired at $0.00 (a compensatory award/derivative grant), meaning no cash was paid by the insider at grant.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (timely filing).
• Transaction type/code: Award/Grant (derivative) — reported as A.
• Shares/units granted: 5,608 RSUs; price reported $0.00 (no cash outlay).
• Vesting: RSUs vest in three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (see footnote).
• What an RSU means: Each RSU represents a contingent right to receive one common share upon vesting.
• Shares owned after the transaction: Not stated in the filing.
• Footnotes of note: F1 (each RSU = one common share), F2 (vesting schedule), F3 (expiration date same as date exercisable — administrative detail).

Context

• This is a standard executive compensation grant (not an open-market purchase or sale). Such awards are common for senior executives and are subject to future vesting and forfeiture conditions; they do not represent immediate share ownership or a cash transaction.