Progressive CIO Steven Broz Receives Routine Dividend Equivalent RSUs
PROGRESSIVE CORP/OH/
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Filing Summary
📋 Form 4 Filing Alert: PROGRESSIVE CORP/OH/ ($PGR) Insider: Broz Steven (Chief Information Officer) Transaction: Acquisition (Dividend Equivalent Reinvestment) Security: Restricted Stock Unit Shares Transacted: 5.722 @ $0.00 Total Value: $0.00 Post-Transaction Holdings: 12,515.908 RSUs Significance: Low (Routine dividend equivalent credit)
Comprehensive Analysis
Transaction Summary
On October 9, 2026, Steven Broz, Chief Information Officer of The Progressive Corporation ($PGR), acquired 5.722 Restricted Stock Units (RSUs) at an effective cost of $0.00 per share. Following this transaction, Broz holds a total of 12,515.908 RSUs directly.
Nature of Transaction
This acquisition was coded as A (Award/Grant) and represents an automatic accrual from dividend equivalents reinvested into restricted stock units, as detailed in the footnotes. These units vest concurrently with the underlying RSU awards to which they correspond.
Market Impact & Significance
The filing indicates a routine, non-discretionary corporate compensation event rather than open-market buying or selling. As such, it carries Low trading significance and provides no new directional signal regarding management's sentiment on company stock valuation.
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Important Disclaimer
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