DAY HEATHER E 4

What Happened
Heather E. Day, CRM President of Progressive Corp (PGR), received 2,087.816 shares on July 24, 2026 pursuant to the vesting of performance-based restricted stock units granted in 2023. The award was recorded as an acquisition (code A) at $0.00. To satisfy tax withholding (code F), 613 shares were withheld/disposed at a value of $211.90 per share, totaling $129,895.

Key Details

• Transaction date: 2026-07-24; Form 4 filed: 2026-07-28 (appears timely — within required business days).
• Award: 2,087.816 shares issued (acquisition, A) at $0.00.
• Tax withholding: 613 shares disposed (F) at $211.90 each = $129,895 withheld to cover tax liability.
• Footnote: Shares issued pursuant to 2023 performance-based RSU awards, including dividend equivalents accrued since grant date.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was the vesting of performance-based RSUs, not an open-market purchase or sale. The 613-share disposition reflects routine tax withholding rather than a market sale; such withholdings are common when equity awards vest. No inference should be made about personal market sentiment from this award-and-withholding filing.