Form 4: Progressive Corp Director Pamela J. Craig Reports Changes in Beneficial Ownership

Director Pamela J. Craig reports the disposition of restricted shares and acquisition of phantom stock units in Progressive Corp.

Summary

• Pamela J. Craig, a director of Progressive Corp, filed a Form 4 detailing changes in her beneficial ownership.
• On April 11, 2025, she disposed of 1,029 common shares at $0, and acquired 1,029 phantom stock units.
• She also acquired 2.1583 phantom stock units through reinvestment of dividend equivalents.
• Following these transactions, she beneficially owns 7,749 common shares and 5,885.2995 phantom stock units.
• 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation and does not inherently suggest positive or negative implications for the company's performance.

Future Outlook

The phantom stock units will be paid out in an equal number of Common Shares or in cash at the 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 of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Pamela J. Craig, Progressive Corp, PGR, Director, Phantom Stock Units, Common Shares, Dividend Equivalents