Form 4: Progressive Corp Director Lawton W Fitt Reports Changes in Beneficial Ownership

Director Lawton W Fitt reports the disposition of restricted shares and acquisition of phantom stock units in Progressive Corp.

Summary

• On April 11, 2025, Lawton W Fitt, a director of Progressive Corp, reported a transaction involving the disposition of 2,619 common shares in exchange for an equal number of units under a deferred compensation plan.
• Fitt also acquired 2,619 phantom stock units and an additional 49.5558 units through reinvestment of dividend equivalents.
• Following these transactions, Fitt beneficially owns 9,389 common shares directly and 135,125.9116 phantom stock units indirectly.

Sentiment

Score: 7

Explanation: The sentiment is neutral as the filing simply reports transactions related to deferred compensation and dividend reinvestment, which are routine activities. There is no indication of positive or negative implications for the company.

Future Outlook

The phantom stock units will be paid out in an equal number of common shares or in cash at a time elected by the reporting person or as determined by the plan.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates changes in the director's holdings due to deferred compensation and dividend reinvestment, which are common practices.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they involve internal compensation arrangements for a director.

Key Dates

Keywords

beneficial ownership, Progressive Corp, Form 4, director, phantom stock units, deferred compensation, Lawton W Fitt, PGR