Form 4: Progressive Corp Chief Investment Officer Jonathan S. Bauer Reports Stock Sale

Jonathan S. Bauer, Chief Investment Officer of Progressive Corp, reports the sale of 1,696 shares of common stock at a price of $282.66 on March 17, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 17, 2025, Jonathan S. Bauer, the Chief Investment Officer of Progressive Corp, sold 1,696 shares of common stock.
• The sale was executed at a price of $282.66 per share.
• Following the transaction, Bauer directly owns 26,696.903 shares of Progressive Corp common stock.
• Bauer also indirectly owns 115.099 shares through a 401(k) plan.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on November 18, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale by an executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold.

Key Dates