Form 4: Progressive Corp Director Susan Griffith Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Susan Patricia Griffith, a Director and the President and CEO of Progressive Corp, reported the acquisition of restricted stock units through dividend equivalent reinvestment.
Summary
- On April 11, 2025, Susan Patricia Griffith, a Director and the President and CEO of Progressive Corp, acquired 16,707 restricted stock units (RSUs) as a result of dividend equivalent reinvestment.
- These RSUs will vest at the same time as the Restricted Stock Units to which they relate.
- Following the transaction, Griffith directly owns 45,557.466 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency into the holdings of company executives and directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the interests of the director with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of transaction: Susan Patricia Griffith acquired restricted stock units. |
| 04/15/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Dividend Reinvestment, PGR, Progressive Corp, Griffith, Insider Trading
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