Form 4: Progressive CIO Sells Shares Under 10b5-1 Plan

Progressive's Chief Information Officer, Steven Broz, sold 1,345 shares of common stock for $220 per share on November 11, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Steven Broz, Chief Information Officer of Progressive Corp/OH/ (PGR), reported a transaction involving the company's common stock.
• The transaction occurred on November 11, 2025, and involved the disposition of 1,345 shares of common stock.
• The shares were sold at a price of $220 per share, totaling $295,900.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Broz on January 30, 2025.
• Following this transaction, Mr. Broz beneficially owns 29,042.793 shares of Progressive common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan, which is generally considered neutral as it does not reflect new discretionary trading decisions or company performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction disclosure and does not provide specific insights into broader industry trends or competitive positioning. It reflects an individual executive's pre-planned stock sale.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a pre-scheduled, non-discretionary sale by an executive, typically not signaling a change in company fundamentals or management's confidence.

Key Dates

Recommendation

The filing details a routine insider stock sale by Progressive's CIO under a pre-arranged 10b5-1 trading plan. Such transactions are generally not indicative of management's view on the company's future performance and do not typically warrant a change in investment recommendation based solely on this disclosure. The company's fundamentals and broader market conditions would be the primary drivers for any investment decision.

Keywords

Progressive, PGR, Steven Broz, insider trading, Form 4, stock sale, 10b5-1 plan, Chief Information Officer