Murphy John Jo 4

What Happened

• Murphy John Jo, Claims President of Progressive Corp (PGR), was granted 3,218 restricted stock units (RSUs) on 2026-03-24. The grant is recorded as a derivative award (transaction code A) at $0.00 per unit (no cash paid at grant).

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (timely filing).
• Award: 3,218 RSUs; price reported $0.00; total cash consideration $0.
• Vesting: The units vest in three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (subject to earlier vesting or forfeiture under the plan and award agreement). (Footnotes F1, F2)
• Instrument: Each RSU represents a contingent right to receive one common share upon vesting (F1). F3 notes expiration date equals date exercisable.
• Shares owned after the transaction: Not disclosed in this filing.

Context

• This is a compensation grant (award of RSUs), not an open-market purchase or sale. RSUs do not convert to actual shares until they vest and may be forfeited under plan terms, so they do not represent immediate buying or selling pressure. Compensation awards are common and typically reflect pay practices rather than a direct trading signal.