Burgdoerfer Stuart B 4
4 · PROGRESSIVE CORP/OH/ · Filed May 18, 2022
Insider Transaction Report
Form 4
Burgdoerfer Stuart B
Director
Transactions
- Award
Common
2022-05-16+1,914→ 26,415 total
Holdings
- 11(indirect: By Spouse)
Common
Footnotes (1)
- [F1]Restricted stock grant, made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan, and which will vest on April 13, 2023. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2022-2023 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 2022-2023 term, and authorized a cash payment on April 13, 2023 for the remaining 40% of the reporting person's compensation.