Bauer Jonathan S. 4

What Happened

• Jonathan S. Bauer, Chief Investment Officer of Progressive Corp (PGR), was granted 6.153 restricted stock units (RSUs) on April 10, 2026. The units were recorded at $0.00 (no cash purchase); they are derivative awards that represent the contingent right to receive common shares.

Key Details

• Transaction date: 2026-04-10; Filing date: 2026-04-14 (filed four days after the transaction).
• Security/amount: 6.153 RSUs granted; reported price: $0.00 (award/grant).
• Shares owned after the transaction: Not specified in this Form 4.
• Footnotes:
  • F1: Each RSU represents 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 equals date exercisable (not further applicable here).
• Filing timeliness: Filing occurred four days after the transaction; Form 4s are typically due within two business days, so investors may want to check the SEC filing for any late-filing notice.

Context

• This was an award/grant of RSUs (a non-cash compensation event), not an open-market purchase or sale. RSU grants are compensation and do not by themselves indicate immediate buying or selling pressure — shares are typically delivered only when RSUs vest.