Joyce Carl G 4

What Happened
Joyce Carl, Chief Accounting Officer of Progressive Corp (PGR), was granted/received 1.143 restricted stock units (reported as a derivative award) on April 10, 2026. The units were recorded at $0.00 (no cash paid). These are contingent rights to receive common shares rather than immediate share purchases.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (appears one business day outside the typical two-business-day filing window).
• Transaction type/code: A (Grant, award or other acquisition — derivative).
• Amount: 1.143 restricted stock units @ $0.00 (reported value $0).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU entitles the holder to one common share when settled; F2 — these units were from reinvested dividend equivalents and will vest at the same time as the related RSUs; F3 — expiration date equals date exercisable.
• No indication this was a sale or purchase in the open market; it's an award/grant.

Context
RSUs are a form of deferred compensation: they represent a contingent right to future shares if and when vesting conditions are met. This small grant (1.143 units) has minimal immediate economic impact and should be viewed as an administrative/compensation event rather than a direct bullish or bearish trading signal.