Progressive Corp CLO Acquires Dividend Equivalent Units
PROGRESSIVE CORP/OH/
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Filing Summary
# Insider Filing: Progressive Corp/OH/ (PGR)
**Insider:** Stringer David M (Vice Pres, Secretary and CLO)
**Transaction:** Dividend Equivalent Reinvestment (Restricted Stock Units & Deferred Comp)
**Shares Transacted:** 4.186 RSUs (+0.054 Deferred Comp Units)
**Price:** $0.00 | **Total Value:** $0.00
**Significance:** Low (Routine dividend equivalent credit)
Comprehensive Analysis
Executive Summary
On October 9, 2026, David M. Stringer, Vice President, Secretary, and Chief Legal Officer of The Progressive Corporation (NYSE: PGR), acquired 4.186 Restricted Stock Units (RSUs) and 0.054 Deferred Compensation Units. These derivative acquisitions represent routine dividend equivalent reinvestments rather than open-market purchases or discretionary transactions.
Transaction Details
- Restricted Stock Units: Acquired 4.186 units at $0.00 per share via dividend equivalent credits. Post-transaction holdings stand at 9,156.883 RSUs.
- Deferred Comp Units: Acquired 0.054 units at $0.00 per share via dividend reinvestment, bringing total deferred units to 120.075.
- Ownership Nature: Direct ownership for both derivative positions.
Market Impact & Significance
This filing reflects routine equity compensation administration tied to regular dividend distributions. Due to the de minimis share amounts and non-discretionary nature of dividend equivalent crediting, this filing holds low trading significance.
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Important Disclaimer
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