Form 4: Progressive Corp Director Charles A. Davis Reports Changes in Beneficial Ownership

Director Charles A. Davis reports changes in beneficial ownership of Progressive Corp stock due to phantom stock unit transactions.

Summary

• On April 11, 2025, Charles A. Davis, a director of Progressive Corp, reported changes in beneficial ownership.
• The changes involve transactions in phantom stock units, which are derivative securities.
• Davis acquired 7.1127 phantom stock units through reinvestment of dividend equivalents.
• Davis also acquired 1.7345 phantom stock units through reinvestment of dividend equivalents.
• The expiration date is the same as the date exercisable for these units.
• These units will be paid out in cash at a time elected by the reporting person or as determined by the plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting routine transactions. It doesn't convey any strong positive or negative sentiment.

Future Outlook

The phantom stock units will be paid out in cash at a time elected by the reporting person or at such other time determined in accordance with the plan.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in the financial industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a company director.

Key Dates

Keywords

beneficial ownership, Progressive Corp, phantom stock units, Form 4, director, Davis, dividend equivalents, securities