Form 4: Progressive Corp Executive Andrew J. Quigg Reports Acquisition of Restricted Stock Units
SEC Form 4
Andrew J. Quigg, Chief Strategy Officer of Progressive Corp, reports acquiring restricted stock units through dividend equivalent reinvestment.
Summary
- On October 11, 2024, Andrew J. Quigg, Chief Strategy Officer of Progressive Corp, acquired 6,387 restricted stock units (RSUs).
- These RSUs were obtained through the reinvestment of dividend equivalents and will vest at the same time as the RSUs to which they relate.
- Following the transaction, Quigg directly owns 16,153.954 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of transaction: Andrew J. Quigg acquired restricted stock units. |
| 10/15/2024 | Date of signature on the report. |
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