Callahan Patrick K 4

What Happened
Patrick K. Callahan, Personal Lines President of Progressive (PGR), received two restricted stock unit (RSU) awards on 2026-04-10: 7.808 RSUs and 49.678 RSUs, for a total of 57.486 RSUs. Each unit is a contingent right to one common share and the awards were granted at $0.00 (no cash purchase). These are derivative awards (not open-market purchases or sales).

Key Details

• Transaction date: 2026-04-10; Form 4 filed 2026-04-14 (filed timely).
• Grant details: 7.808 RSUs and 49.678 RSUs; total 57.486 RSUs; price per unit $0.00; total cash paid $0.
• Security type: Restricted Stock Units (derivative securities). Footnotes: F1 = 1 RSU = contingent right to 1 common share; F4 = 1-for-1 conversion; F2/F5 = some units were acquired via reinvested dividend equivalents (these will vest or be paid out per plan—some reinvested units vest with related RSUs; others may be paid in cash when elected).
• Shares owned after transaction: not disclosed in this filing.
• No indication of a 10b5-1 sale plan, tax-withholding sale, or immediate sale of shares.

Context
RSU grants are compensation awards that vest and convert into shares (or cash, for certain dividend-equivalent units) according to the company’s plan and vesting schedule. These awards do not represent an outright purchase (no cash outlay) nor an immediate market sale; they are routine executive compensation rather than a direct insider purchase signal.