Form 4: Progressive Corp Executive Callahan Reports Stock Transactions

Patrick K. Callahan, Personal Lines President at Progressive Corp, reports the vesting and subsequent disposition of restricted stock units.

Summary

• On January 21, 2025, Patrick K. Callahan, Personal Lines President of Progressive Corp, had restricted stock units vest and converted into common shares.
• A total of 4,285.317 common shares were acquired upon vesting of restricted stock units, including dividend equivalent units.
• Simultaneously, 4,285.317 restricted stock units were disposed of in exchange for the common shares.
• Additionally, 1,694 common shares were disposed of at a price of $243.34.
• Following these transactions, Callahan directly owns 19,859.525 common shares and 14,425.906 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Common Stock, Progressive Corp, Callahan, Vesting