Progressive Chief Personal Lines Officer Receives Dividend Equivalent RSUs
PROGRESSIVE CORP/OH/
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Filing Summary
📋 SEC Form 4: PROGRESSIVE CORP/OH/ ($PGR)
Insider: Lori A. Niederst
Title: Chief Personal Lines Officer
Transaction Date: 2026-10-09
Transaction Details:
- Security: Restricted Stock Unit
- Type: Acquisition (Dividend Equivalent Reinvestment)
- Shares: +5.987
- Price: $0.00
- Total Value: $0.00
- Ending Balance: 13,096.34 RSUs
Significance: Low (Routine dividend equivalent credit)
Comprehensive Analysis
Transaction Overview
On October 9, 2026, Lori A. Niederst, Chief Personal Lines Officer of The Progressive Corporation ($PGR), acquired 5.987 Restricted Stock Units (RSUs) at $0.00 per share.
Key Details
- Nature of Acquisition: As noted in the filing footnotes, these units were acquired via the reinvestment of dividend equivalents and vest concurrently with the underlying RSUs to which they relate.
- Holdings Post-Transaction: Following the acquisition, Niederst directly holds 13,096.34 RSUs.
Market Significance
This filing represents a routine, automated dividend equivalent credit rather than an open-market purchase or discretionary award. As such, the transaction has Low trading significance and conveys no material signal regarding insider sentiment.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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