Progressive Corp CIO Receives Dividend Equivalent Restricted Stock Units
PROGRESSIVE CORP/OH/
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Filing Summary
Progressive Corp ($PGR) Form 4 Filing Insider: Jonathan S. Bauer (Chief Investment Officer) Transaction: Acquisition of 5.539 Restricted Stock Units Price: $0.00 (Dividend Equivalent Reinvestment) Total Value: $0.00 Post-Transaction Holdings: 12,118.558 RSUs Significance: Low (Routine dividend equivalent credit)
Comprehensive Analysis
Executive Summary
On October 13, 2026, Progressive Corp ($PGR) filed a Form 4 disclosing that Chief Investment Officer Jonathan S. Bauer acquired 5.539 Restricted Stock Units (RSUs) on October 9, 2026. The transaction was conducted at an exercise/purchase price of $0.00 pursuant to dividend equivalent reinvestment provisions.
Transaction Details
- Security: Restricted Stock Units (convertible 1-for-1 into Common Shares)
- Transaction Code: 'A' (Award/Acquisition)
- Volume: 5.539 units
- Cost Basis: $0.00 (dividend equivalent accrual)
- Post-Transaction Holdings: 12,118.558 RSUs held directly
Context & Trading Significance
This transaction carries Low trading significance as it represents an automatic dividend equivalent accrual on outstanding RSU awards rather than open-market discretionary trading or a new performance-based incentive grant. These dividend equivalent units vest concurrently with the underlying RSU tranches.
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Important Disclaimer
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