Niederst Lori A 4

What Happened Lori A. Niederst, Chief Personal Lines Officer of The Progressive Corporation (PGR), was credited with 5.549 restricted stock units (RSUs) on July 10, 2026. The Form 4 reports this as an award/acquisition of a derivative interest at $0.00 per unit (total value reported $0). This was an award/compensation event—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (filed within the standard reporting window).
• Security/amount: 5.549 Restricted Stock Units (derivative), reported price $0.00.
• Shares owned after transaction: Not specified in the excerpt of the filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to receive one common share.
  • F2: These units were acquired upon reinvestment of dividend equivalents and will vest at the same time as the related RSUs.
  • F3: Expiration date is the same as the date exercisable (as applicable).
• Transaction code: A = Award/Grant (derivative).

Context RSU awards are a common form of executive compensation and reflect potential future share delivery if vesting conditions are met; they are not the same as an immediate cash purchase or a sale. Because these units were created via reinvested dividend equivalents, they represent additional contingent rights tied to existing RSU awards and will vest according to the underlying RSU schedule. This filing is informational and does not by itself indicate buying pressure or selling intent.