DAVIS CHARLES A 4

What Happened Charles A. Davis, a director of The Progressive Corporation (PGR), received a grant of 1,959 restricted shares on 2026-05-08. The shares were reported at $0.00 per share (typical for restricted stock awards granted as compensation). The award vests on April 9, 2027 and was granted under The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12.
• Transaction type/code: A — Award/Grant of restricted stock. Price per share reported: $0.00.
• Shares granted: 1,959 restricted shares; vesting date: April 9, 2027.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Director elected to receive 100% of 2026–2027 director compensation in restricted stock (instead of partial cash); Compensation & Talent Committee granted the award reflecting that election (see F1).
• Filing timeliness: Form 4 was filed four days after the transaction date (filed 2026-05-12 for a 2026-05-08 grant) and appears to be within the standard Form 4 reporting window.

Context Restricted stock awards are routine director compensation and typically vest over time; they are not the same as an open-market purchase or sale and do not by themselves signal an immediate trading decision. The shares will generally remain subject to vesting restrictions until the April 2027 vesting date.