Form 4: Progressive Corp Executive Jonathan S. Bauer Reports Stock Transactions

Jonathan S. Bauer, Chief Investment Officer of Progressive Corp, reports the vesting and subsequent disposition of restricted stock units.

Summary

• On January 21, 2025, Jonathan S. Bauer, Chief Investment Officer of Progressive Corp, reported transactions involving Progressive Corp common stock.
• These transactions involved the vesting of 3,089.544 restricted stock units, which converted into an equal number of common shares.
• Bauer also disposed of 1,114 common shares to cover tax obligations at a price of $243.34 per share.
• Following these transactions, Bauer directly owns 27,923.72 common shares and indirectly owns 115.099 shares through a 401(k) plan.
• He also directly owns 10,834.882 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transactions reported in this filing have a minimal direct impact on stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Progressive Corp, PGR, Jonathan S. Bauer, Chief Investment Officer