Sauerland John P 4
4 · PROGRESSIVE CORP/OH/ · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Progressive (PGR) CFO John Sauerland Receives 3,901 RSU Award
What Happened
John P. Sauerland, Chief Financial Officer of Progressive Corporation (PGR), received an award of 3,901 restricted stock units (RSUs) on March 24, 2026. The filing reports a $0.00 acquisition price (this is a compensation grant, not a purchase or sale) and the units are derivative awards that represent a contingent right to receive one common share each upon vesting.
Key Details
- Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (appears timely).
- Transaction type/code: A — Grant/Award (derivative security).
- Amount: 3,901 RSUs; price reported $0.00.
- Vesting: Three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (Footnote F2).
- Footnote F1: Each RSU = contingent right to one common share.
- Footnote F3: Expiration date = date exercisable (not material for standard RSUs).
- Shares owned after transaction: not disclosed in this filing.
Context
RSUs are a form of equity compensation that convert to actual shares only if and when they vest; they can be forfeited under the award terms. Grants like this reflect executive compensation and alignment with shareholder interests but do not represent an immediate buy signal (no shares were purchased outright or sold). No tax-withholding sale or 10b5-1 plan is indicated in the filing.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2][F3]2026-03-24+3,901→ 16,731.542 total→ Common (3,901 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- [F2]These units will vest in three equal annual installments on each of January 16, 2029, January 15, 2030, and January 21, 2031, subject to earlier vesting or forfeiture in accordance with the plan and the award agreement.
- [F3]Expiration Date is the same as the Date Exercisable.