Niederst Lori A 4

What Happened Lori A. Niederst, Chief Personal Lines Officer at Progressive (PGR), was granted 337 restricted stock units (RSUs) on 2026-07-20. The award is recorded at $0.00 per unit (derivative grant); no cash was exchanged. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction type: Award/Grant of Restricted Stock Units (code A)
• Transaction date: 2026-07-20; Form 4 filed 2026-07-22 (within the SEC’s 2-business-day filing window)
• Amount: 337 RSUs; grant price reported as $0.00 (derivative)
• Shares owned after transaction: Not specified in the Form 4 filing
• Footnotes:
  • F1: Each RSU represents a contingent right to one common share on vesting.
  • F2: RSUs vest in three equal annual installments on 2029-01-16, 2030-01-15, and 2031-01-21 (subject to plan terms).
  • F3: Expiration date is the same as date exercisable (per filing)
• No indication of a 10b5-1 plan, tax‑withholding share surrender, or immediate sale in this filing.

Context This is a standard equity compensation award to an executive and does not represent an open‑market buy or sell. RSUs convert to actual shares only upon vesting per the schedule above, so the grant alone should not be interpreted as a near‑term market move by the insider.