Craig Pamela J. 4
4 · PROGRESSIVE CORP/OH/ · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Progressive (PGR) Director Pamela Craig Receives Restricted Stock Award
What Happened
Pamela J. Craig, a director of The Progressive Corporation (PGR), was granted 1,207 restricted shares on May 8, 2026. The shares were issued at $0.00 per share (award, not a purchase), so the reported acquisition value is $0. This award represents 60% of her compensation for the 2026–2027 director term; the remaining 40% will be paid in cash on April 9, 2027.
Key Details
- Transaction date: 2026-05-08; Form 4 filed 2026-05-12 (filed within the two-business-day Form 4 deadline).
- Transaction type/code: A = Award/Grant; 1,207 restricted shares granted @ $0.00.
- Vesting: Restricted shares vest on April 9, 2027.
- Compensation mechanics: Director elected 60% restricted stock / 40% cash; Committee granted restricted stock equal to the 60% portion and authorized cash payment for the 40% on 4/9/2027.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: Award made under The Progressive Corporation Amended & Restated 2017 Directors Equity Incentive Plan.
Context
This was a routine director compensation award (not a market purchase or sale). Restricted stock grants are common for non-employee directors and typically reflect compensation choices and retention; because the shares vest on a future date and part of the pay is cash, this transaction does not directly indicate immediate buying or selling sentiment.
Insider Transaction Report
- Award
Common
[F1]2026-05-08+1,207→ 8,956 total
Footnotes (1)
- [F1]Restricted stock grant made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan, and which will vest on April 9, 2027. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2026-2027 term in the form of 100% restricted stock or 60% restricted stock and 40% cash. The reporting person indicated a preference to receive compensation in the form of 60% restricted stock and 40% cash. After considering such preference, the Compensation and Talent Committee granted a restricted stock award representing 60% of the reporting person's compensation for the 2026-2027 term, and authorized a cash payment on April 9, 2027, for the remaining 40% of the reporting person's compensation.