Quigg Andrew J 4
4 · PROGRESSIVE CORP/OH/ · Filed Jul 22, 2026
Research Summary
AI-generated summary of this filing
Progressive (PGR) CFO Andrew Quigg Receives Restricted Stock Award
What Happened
- Andrew J. Quigg, Chief Financial Officer of Progressive Corp (PGR), was granted 481 restricted stock units (RSUs) on July 20, 2026. The filing reports an acquisition price of $0 (award/derivative instrument). These RSUs represent contingent rights to receive common shares if vesting conditions are met.
Key Details
- Transaction date: 2026-07-20; Form 4 filed: 2026-07-22 (timely).
- Reported transaction type/code: Grant/Award (A); 481 RSUs acquired at $0.00 (derivative).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1: Each RSU equals a contingent right to receive one common share.
- F2: Vesting occurs in three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (subject to plan and award agreement).
- F3: Expiration date is the same as the date exercisable (as noted in the filing).
Context
- RSU grants are a form of compensation, not an open-market purchase or sale. They do not convert to actual shares (and thus do not change share count) until they vest and are delivered or settled. This award signals long-term compensation alignment rather than an immediate insider buy or sell.
Insider Transaction Report
Form 4
Quigg Andrew J
VP and Chief Financial Officer
Transactions
- Award
Restricted Stock Unit
[F1][F2][F3]2026-07-20+481→ 12,643.48 total→ Common (481 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- [F2]These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
- [F3]Expiration Date is the same as the Date Exercisable.
Signature
/s/ Allyson L. Bach, By Power of Attorney|2026-07-22