Form 4: Progressive Corp Officer Karen Bailo Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Karen Bailo, Commercial Lines President at Progressive Corp, reports acquiring restricted stock units through dividend equivalent reinvestment.
Summary
- Karen Bailo, the Commercial Lines President of Progressive Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of 5,531 Restricted Stock Units (RSUs) on April 11, 2025.
- These RSUs were acquired through the reinvestment of dividend equivalents and will vest at the same time as the Restricted Stock Units to which they relate.
- Following the transaction, Ms. Bailo directly owns 15,081.68 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of transaction: Acquisition of Restricted Stock Units |
| 04/15/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Progressive Corp, Restricted Stock Units, Karen Bailo, Dividend Equivalents, Beneficial Ownership, SEC Filing
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