FITT LAWTON W 4
4 · PROGRESSIVE CORP/OH/ · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Progressive (PGR) Director Lawton W. Fitt Receives 63.53-Share Award
What Happened
- Lawton W. Fitt, a director of Progressive Corporation (PGR), was granted 63.53 shares (derivative units) on July 10, 2026. The units were recorded at $0.00 per share (award/award-acquisition, code A) — this reflects a grant/reinvestment of dividend equivalents rather than a cash purchase.
Key Details
- Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (filed within required two business days).
- Amount: 63.53 shares acquired at $0.00 each (total reported value $0; derivative units).
- Shares owned after transaction: not specified in this filing.
- Footnotes of note:
- F1: 1 for 1 (conversion ratio).
- F2: Units were acquired upon reinvestment of dividend equivalents and will be paid in cash when elected or as determined by the plan.
- F3: Expiration Date is the same as the Date Exercisable.
- Transaction code: A (award/grant/other acquisition); not a market purchase or sale.
Context
- This was an award of derivative units tied to dividend reinvestment, not an open-market purchase or sale — such awards are typically routine compensation/plan activity and do not necessarily signal a change in the insider’s market view.
- Because these units may be paid out in cash per the plan (footnote F2), they function differently than outright stock grants or exercised options.
Insider Transaction Report
Form 4
FITT LAWTON W
Director
Transactions
- Award
Phantom Stock Unit (rest. Stock)
[F1][F2][F3]2026-07-10+63.53→ 146,014.467 total→ Common (63.53 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.
- [F3]Expiration Date is the same as the Date Exercisable.
Signature
/s/ Allyson L. Bach, By Power of Attorney|2026-07-14