Progressive Corp CMO Maribel Pumarejo Acquires 3.55 Dividend Equivalent RSUs
PROGRESSIVE CORP/OH/
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Filing Summary
Form 4 Alert: PROGRESSIVE CORP/OH/ ($PGR) Insider: Maribel Pumarejo (Chief Marketing Officer) Transaction: Acquisition (A) of 3.554 Restricted Stock Units at $0.00 Value: $0.00 (Dividend Equivalent Reinvestment) Post-Transaction Holdings: 7,775.589 RSUs Significance: Low
Comprehensive Analysis
Executive Summary
On October 13, 2026, Progressive Corp ($PGR) filed a Form 4 reporting that Chief Marketing Officer Maribel Pumarejo acquired 3.554 Restricted Stock Units (RSUs) on October 9, 2026.
Transaction Breakdown
- Security: Restricted Stock Units
- Nature of Transaction: Code 'A' (Grant/Award/Acquisition via dividend equivalent reinvestment)
- Volume: 3.554 units
- Price: $0.00
- Post-Transaction Beneficial Ownership: 7,775.589 RSUs
Context & Market Significance
This filing reflects an automatic accrual of dividend equivalent units credited to existing restricted stock awards, not an open-market purchase or discretionary equity award. As a routine administrative dividend reinvestment, this transaction holds Low informational or trading significance for investors.
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