Progressive (PGR) Commercial Lines President Karen Bailo Sells 8,452 Shares

What Happened

• Karen Bailo, Commercial Lines President at Progressive (PGR), sold 8,452 shares on 2026-07-27.
• The shares were disposed at $212.71 per share, for a total proceeds of $1,797,825. The Form 4 lists the transaction as an "open market or private sale" (code S).

Key Details

• Transaction date and price: 2026-07-27 at $212.71 per share (total ~$1.80M).
• Reporting/filing: Form 4 filed 2026-07-28 (timely relative to the reported date). Accession: 0000080661-26-000298.
• Footnote: The sale was made pursuant to a 10b5-1 trading plan adopted by the reporting person on November 20, 2025.
• Shares owned after transaction: Not provided in the excerpt supplied (check the full Form 4 for "Owned Following Reported Transaction" to confirm current holdings).
• Insider status: Executive officer (not reported as a 10% owner).

Context

• This was a sale, which can be routine (e.g., for diversification or planned liquidity) — the presence of a pre-established 10b5-1 plan indicates the trade was executed under an automated trading arrangement rather than opportunistic trading. No inference should be made about company prospects from this single sale.