Progressive (PGR) Director Pamela J. Craig Receives 3.07 Shares

What Happened
Pamela J. Craig, a director of Progressive Corp (PGR), was issued 3.07 shares (derivative units) on July 10, 2026 as an award/grant. The units were recorded at $0.00 per share (total cash cost $0) and reflect dividend-equivalent reinvestment rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-10. Form 4 filed: 2026-07-14 (appears timely under the 2-business-day rule).
• Transaction type/code: Award/Grant (A) — derivative units acquired.
• Amount: 3.07 shares at $0.00 per share (total $0 shown).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1 = 1-for-1; F2 = units were acquired upon reinvestment of dividend equivalents and will be paid in cash when elected or as the plan provides; F3 = expiration date same as date exercisable.
• No sale or open-market purchase occurred (this is an award/derivative payout).

Context
These units arose from reinvested dividend equivalents and are typically routine director compensation or plan activity; they may be paid in cash per the plan rather than represent newly purchased equity. Such awards are different from outright purchases (which some investors view as a stronger bullish signal) and from sales (which may signal liquidity needs).