Stringer David M 4

What Happened David M. Stringer, Vice President, Secretary and Chief Legal Officer of Progressive Corporation (PGR), was granted 2,926 restricted stock units (RSUs) on 2026-03-24. The RSUs were awarded at $0.00 (no cash paid); they are derivative awards that represent a contingent right to receive one common share per unit upon vesting.

Key Details

• Transaction type: Award/Grant of RSUs (Code A); derivative transaction.
• Date of report: filed 2026-03-25 for transaction dated 2026-03-24.
• Shares/units granted: 2,926 RSUs at $0.00 (no immediate cash value realized).
• Vesting: Three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (per footnote).
• What RSUs mean: Each RSU converts to one common share upon vesting (footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Filed next day (no late filing indicated in this record).
• Other footnote: Expiration Date equals Date Exercisable (per filing note).

Context This grant is a compensation award rather than an open-market purchase or sale. RSU grants are common executive compensation and do not by themselves indicate a buy/sell signal—value is realized only if and when units vest and are settled.