Niederst Lori A 4

What Happened

• Lori A. Niederst, CRM President at Progressive (PGR), was granted 6.478 restricted stock units (RSUs) on 2026-04-10. The filing reports the units as a derivative acquisition at $0.00, reflecting an award rather than a cash purchase. These RSUs are contingent rights to receive one common share per unit upon vesting.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within the SEC reporting window).
• Amount: 6.478 RSUs; reported price: $0.00 (award/derivative grant), so no immediate cash value reported on the form.
• Shares owned after the transaction: not specified in the filed excerpt.
• Footnotes: (F1) Each RSU represents a contingent right to one common share. (F2) These particular units were acquired upon reinvestment of dividend equivalents and will vest with the related RSUs. (F3) Expiration date is the same as date exercisable (as noted in filing).
• Transaction code: A (award/grant/other acquisition); derivative transaction (right to receive shares later).

Context

• This is an equity award (RSUs), not an open-market purchase or sale; such grants are typically part of compensation or dividend-equivalent reinvestment and do not by themselves indicate buying/selling sentiment.
• Because these are derivative awards, the actual transfer of shares (and any taxable event) will occur only upon vesting/settlement per the plan terms.