Bailo Karen 4

What Happened Karen Bailo, Commercial Lines President of Progressive Corp (PGR), was awarded/acquired 7.328 restricted stock units (RSUs) on 2026-04-10. The reported acquisition price is $0.00 per unit (derivative award), reflecting units issued/reinvested rather than a cash purchase.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within the typical 4-business-day window).
• Amount acquired: 7.328 RSUs at $0.00 per unit (derivative award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Each RSU is a contingent right to receive one common share.
  • F2: These units were acquired upon reinvestment of dividend equivalents and will vest at the same time as the related RSUs.
  • F3: Expiration Date is the same as the Date Exercisable (as noted in the filing).
• Transaction type: Award/Grant (code A) — not a market purchase or sale.

Context RSUs are a form of equity compensation (a derivative award) that convert into common shares upon vesting; this transaction reflects an award or dividend-equivalent reinvestment rather than an outright buy or sell. Such grants are common as compensation and do not on their own indicate insider sentiment about the company's near-term stock performance.