Joyce Carl G 4
Research Summary
AI-generated summary
Progressive (PGR) Chief Accounting Officer Joyce Carl G Receives RSU Award
What Happened
- Joyce Carl G, Chief Accounting Officer of Progressive Corp (PGR), was granted 751 restricted stock units (RSUs) on March 24, 2026. The award was reported as an award/acquisition (code A) at $0.00 per unit (typical for RSU grants). The filing does not state a cash value for the award.
Key Details
- Transaction date: 2026-03-24; Form filed: 2026-03-25 (timely filing).
- Grant: 751 Restricted Stock Units (derivative award, code A) reported at $0.00 per unit.
- Shares owned after transaction: not specified in the filing.
- Footnotes from the filing:
- F1: Each RSU represents a contingent right to receive one common share.
- F2: Vesting in three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031, subject to plan terms and forfeiture.
- F3: Expiration date equals date exercisable.
- No indication of tax withholding sale or immediate share sale in this filing.
Context
- RSU grants are compensation awards that do not deliver actual shares until vesting conditions are met; they are common for executive pay and incentive alignment. This grant is a forward-looking, potentially forfeitable award rather than an immediate purchase or sale of stock, so it does not directly signal a current change in market exposure by the insider.