Form 4: Progressive Corp Executive Andrew J. Quigg Sells Shares Under 10b5-1 Plan
SEC Filing
Andrew J. Quigg, Chief Strategy Officer of Progressive Corp, sold 3,975 shares of common stock at $214.01 per share on July 22, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 22, 2024, Andrew J. Quigg, the Chief Strategy Officer of Progressive Corp, sold 3,975 shares of the company's common stock.
- The sale was executed at a price of $214.01 per share.
- Following the transaction, Quigg directly owns 32,779.575 shares of Progressive Corp.
- The transaction was conducted under a 10b5-1 trading plan adopted on January 25, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Executive stock sales are a common occurrence and are often part of personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Date of adoption of the 10b5-1 trading plan. |
| 07/22/2024 | Date of the stock sale transaction. |
| 07/24/2024 | Date of Form 4 filing. |
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