Progressive (PGR) Karen Bailo Receives RSU Award

What Happened

• Karen Bailo, Commercial Lines President at Progressive (PGR), was granted/received 6.275 restricted stock units (RSUs) on July 10, 2026. The units are recorded as acquired at $0.00 (award/derivative transaction, code A). This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date and price: July 10, 2026 — 6.275 RSUs @ $0.00 (Award/Grant).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU represents a contingent right to receive one common share upon vesting; F2 — units acquired from reinvested dividend equivalents will vest with the related RSUs; F3 — expiration date equals date exercisable (as noted in filing).
• Filing date: Report filed with the SEC on July 14, 2026 (four days after the transaction). Confirm the filing record for any late‑filing indicator.

Context

• RSUs are a form of equity compensation that convert to actual shares only when they vest; they do not represent immediate share sales or buys. Small, routine grants like this are typically part of executive compensation and do not by themselves indicate a change in insider sentiment.