Form 4: Progressive Corp Executive Mariann Wojtkun Marshall Reports Stock Transactions

Mariann Wojtkun Marshall, Chief Accounting Officer of Progressive Corp, reports the vesting of restricted stock units and subsequent sale of shares under a pre-arranged 10b5-1 trading plan.

Summary

• On January 21, 2025, Mariann Wojtkun Marshall, Chief Accounting Officer of Progressive Corp, had 868.025 restricted stock units vest, which were then converted into an equal number of common shares.
• Also on January 21, 2025, 282 common shares were disposed of to cover tax obligations at a price of $243.34.
• On January 22, 2025, Marshall sold 585 common shares at a price of $243.29.
• These transactions were executed under a 10b5-1 trading plan adopted on August 19, 2024.
• Following these transactions, Marshall directly owns 3,982.57 common shares and indirectly owns 8,354.991 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the volume of shares traded.

Key Dates

Keywords

Form 4, Progressive Corp, Mariann Wojtkun Marshall, Restricted Stock Units, 10b5-1 Trading Plan, Insider Trading, Common Stock, Chief Accounting Officer