KELLY JEFFREY D 4
4 · PROGRESSIVE CORP/OH/ · Filed May 14, 2019
Insider Transaction Report
Form 4
KELLY JEFFREY D
Director
Transactions
- Award
Common
2019-05-10+2,248→ 64,815 total
Footnotes (1)
- [F1]Restricted stock grant, made pursuant to The Progressive Corporation 2017 Directors Equity Incentive Plan, and which will vest on April 10, 2020. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2019-2020 term in the form of 100% restricted stock or 60% restricted stock and 40% cash. The reporting person indicated a preference to receive compensation in the form of 60% restricted stock and 40% cash. After considering such preference, the Compensation Committee granted a restricted stock award representing 60% of the reporting person's compensation for the 2019-2020 term, and authorized a cash payment on April 10, 2020 for the remaining 40% of the reporting person's compensation.