Form 4: Progressive CMO Vests Shares, Tax Withholding Reported

Progressive's Chief Marketing Officer, Maribel Pumarejo, reported the vesting of restricted stock units and subsequent share transactions, including tax-related dispositions.

Summary

• Maribel Pumarejo, Chief Marketing Officer of Progressive Corp (PGR), reported transactions related to the vesting of restricted stock units (RSUs).
• On January 20, 2026, 1,111.684 common shares were acquired upon the vesting of RSUs, including dividend equivalent units.
• Concurrently, 373 common shares were disposed of at a price of $201.32 per share to cover tax withholding obligations.
• Following these transactions, Ms. Pumarejo directly holds 738.684 common shares and indirectly holds 1,048.544 common shares through a 401(k) Plan.
• She also beneficially owns 5,082.705 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU vesting and tax-related disposition) which is neutral in sentiment.

Positives

• Vesting of 1,111.684 restricted stock units, representing a realization of executive compensation.

Negatives

• Disposition of 373 common shares at $201.32 per share for tax withholding purposes, reducing direct share ownership.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and insider holdings, which is a routine disclosure.

Key Dates

Keywords

Progressive, PGR, Form 4, Insider Transaction, RSU, Stock Vesting, Executive Compensation