Form 4: Progressive CFO Sells 5,000 Shares Under 10b5-1 Plan

Progressive Corp's VP and CFO, John P. Sauerland, sold 5,000 shares of common stock for $228.48 per share under a pre-arranged 10b5-1 trading plan.

Summary

• John P. Sauerland, the Vice President and Chief Financial Officer of Progressive Corp/OH/ (PGR), reported a transaction involving the company's common stock.
• The transaction, dated November 28, 2025, was a sale of 5,000 shares of common stock.
• Each share was sold at a price of $228.48.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Sauerland adopted on August 21, 2025.
• Following this transaction, Mr. Sauerland directly beneficially owns 223,024.428 shares of common stock.
• Additionally, Mr. Sauerland indirectly beneficially owns 13,588.199 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction executed under a pre-arranged 10b5-1 plan, which typically indicates a planned liquidity event rather than a reaction to new information about the company's performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: A minor increase in the public float due to the sale, but generally minimal impact given the pre-scheduled nature of the transaction and the relatively small volume compared to the company's total shares outstanding.

Key Dates

Keywords

Progressive Corp, PGR, John P. Sauerland, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CFO