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Progressive ($PGR) Chief Strategy Officer Acquires Dividend Equivalent RSUs
PROGRESSIVE CORP/OH/
$PGR4CIK: 0000080661
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Filing Summary
# Insider Filing: Progressive Corp ($PGR)
**Insider:** Daniel J. Witalec (Chief Strategy Officer)
**Type:** Acquisition (Dividend Equivalent Reinvestment)
**Security:** Restricted Stock Units
**Shares:** 2.731 @ $0.00
**Total Value:** $0.00
**Post-Transaction Ownership:** 5,974.357 units
**Significance:** Low (Routine dividend equivalent credit)
Comprehensive Analysis
Transaction Summary
On October 9, 2026, Daniel J. Witalec, Chief Strategy Officer of The Progressive Corporation ($PGR), acquired 2.731 Restricted Stock Units (RSUs) at an effective price of $0.00 per unit. Following this transaction, Mr. Witalec directly holds 5,974.357 RSUs.
Transaction Details & Context
- Transaction Nature: The reported acquisition represents dividend equivalent units automatically credited upon the reinvestment of dividends on existing unvested RSU awards.
- Vesting Terms: According to footnote disclosures, these dividend equivalent units vest on the same schedule as the underlying RSUs to which they relate.
- Market Impact: Because this reflects a routine, automated dividend equivalent accrual rather than open-market buying or discretionary stock grants, it carries minimal direct market significance.
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