Quigg Andrew J 4

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.