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PROGRESSIVE CORP/OH/·4

Jul 28, 10:27 AM ET

DAY HEATHER E 4

Research Summary

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Progressive (PGR) CRM President Heather Day Receives Award

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.