Stringer David M 4
4 · PROGRESSIVE CORP/OH/ · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Progressive (PGR) CLO David Stringer Receives RSU Award
What Happened David M. Stringer, Vice President, Secretary and Chief Legal Officer of Progressive Corporation (PGR), was granted 2,926 restricted stock units (RSUs) on 2026-03-24. The RSUs were awarded at $0.00 (no cash paid); they are derivative awards that represent a contingent right to receive one common share per unit upon vesting.
Key Details
- Transaction type: Award/Grant of RSUs (Code A); derivative transaction.
- Date of report: filed 2026-03-25 for transaction dated 2026-03-24.
- Shares/units granted: 2,926 RSUs at $0.00 (no immediate cash value realized).
- Vesting: Three equal annual installments on Jan 16, 2029; Jan 15, 2030; and Jan 21, 2031 (per footnote).
- What RSUs mean: Each RSU converts to one common share upon vesting (footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Filed next day (no late filing indicated in this record).
- Other footnote: Expiration Date equals Date Exercisable (per filing note).
Context This grant is a compensation award rather than an open-market purchase or sale. RSU grants are common executive compensation and do not by themselves indicate a buy/sell signal—value is realized only if and when units vest and are settled.
Insider Transaction Report
Form 4
Stringer David M
Vice Pres, Secretary and CLO
Transactions
- Award
Restricted Stock Unit
[F1][F2][F3]2026-03-24+2,926→ 9,144.066 totalExercise: $0.00→ Common (2,926 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.
Signature
/s/ Laurie F. Humphrey, By Power of Attorney|2026-03-25