Form 4: Progressive Corp Executive Mariann Wojtkun Marshall Sells Shares
SEC Form 4
Mariann Wojtkun Marshall, Chief Accounting Officer of Progressive Corp, sold 650 shares of common stock at a price of $208.11 on June 17, 2024.
Summary
- On June 17, 2024, Mariann Wojtkun Marshall, the Chief Accounting Officer of Progressive Corp, sold 650 shares of the company's common stock.
- The sale price was $208.11 per share.
- Following the transaction, Marshall directly owns 3,981.326 shares and indirectly owns 10,692.675 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an officer, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a company officer may be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a normal part of personal financial management.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the stock sale transaction |
| 06/18/2024 | Date of signature on the Form 4 filing |
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