Progressive Director Barbara R. Snyder Receives Dividend Reinvestment Phantom Stock Units
PROGRESSIVE CORP/OH/
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Filing Summary
Progressive Corp ($PGR) Form 4 Filing Update Insider: Barbara R. Snyder (Director) Transaction: Acquisition of 9.88 Phantom Stock Units via dividend equivalent reinvestment Price: $0.00 Value: $0.00 Total Post-Transaction Holdings: 21,603.98 units Significance: Low (Routine dividend equivalent crediting)
Comprehensive Analysis
Overview & Context
On October 13, 2026, Progressive Corp ($PGR) director Barbara R. Snyder reported the acquisition of 9.8757 phantom stock units on October 9, 2026. The units were acquired at $0 per share through the automatic reinvestment of dividend equivalents under the company's director compensation plan.
Transaction Details
- Security: Phantom Stock Unit (rest. Stock)
- Transaction Code: A (Award/Grant)
- Quantity: 9.8757 units
- Conversion Ratio: 1-for-1 into Common Stock (settled in cash)
- Post-Transaction Beneficial Ownership: 21,603.9783 units
Strategic & Market Significance
This transaction reflects routine crediting of dividend equivalents rather than an open-market purchase or discretionary portfolio adjustment. Consequently, the trading significance is categorized as Low and does not signal a directional sentiment shift by company leadership.
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