Form 4: Progressive Corp Executive Acquires Restricted Stock and Deferred Compensation Units

David M. Stringer, Vice President, Secretary, and CLO of Progressive Corp, reports acquisition of restricted stock units and deferred compensation units through dividend equivalent reinvestments.

Summary

• On April 11, 2025, David M. Stringer, a Vice President, Secretary, and CLO at Progressive Corp, acquired 2,636 restricted stock units and 0.041 deferred compensation units.
• The restricted stock units were acquired through the reinvestment of dividend equivalents and will vest at the same time as the restricted stock units to which they relate.
• The deferred compensation units were also acquired through the reinvestment of dividend equivalents and will be paid out in cash at a time elected by the reporting person or as determined by the plan.
• Following the transaction, Stringer directly owns 7,187.387 restricted stock units and 112.618 deferred compensation units.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative implications.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the routine acquisition of stock units by an executive.

Key Dates

Keywords

Progressive Corp, Stringer David M, restricted stock units, deferred compensation units, dividend equivalents, Form 4, insider trading