FITT LAWTON W 4

What Happened Lawton W. Fitt, a director of The Progressive Corporation (PGR), was granted 3,093 restricted shares on May 8, 2026 (reported on Form 4). The filing shows an acquisition price of $0.00 because this was a compensation grant, not a market purchase or sale. The restricted stock award will vest on April 9, 2027.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (timely under the two-business-day rule).
• Transaction type/code: Award/Grant (A).
• Shares granted: 3,093 restricted shares; reported acquisition price: $0.00.
• Vesting: Award will vest on April 9, 2027 (see footnote).
• Shares owned after transaction: not specified in the provided report.
• Footnote summary: Grant made under The Progressive Corporation Amended & Restated 2017 Directors Equity Incentive Plan. Directors were allowed to elect 100% restricted stock or 60% stock/40% cash for 2026–2027 compensation; Mr. Fitt elected 100% restricted stock and the Compensation and Talent Committee granted the award accordingly.

Context This is a routine director compensation grant (restricted stock subject to vesting), not an open-market buy or sale. Restricted share awards are common for board pay and do not necessarily signal the director’s near-term trading intent.