Progressive Corp Officer Files to Sell $746K in Common Stock
PROGRESSIVE CORP/OH/
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Filing Summary
Progressive Corp Officer Files to Sell $746K in Common Stock
Company: PROGRESSIVE CORP/OH/ Form: 144 | Filed: 2026/03/05 Significance: Low
Insider: Bailo Karen Title: Officer | Relationship: Officer
Transaction: • Type: Sell (Proposed) • Shares: 3,517 • Price: ~$212.00 (Est.) • Value: $745,604.00
Key Insight: Routine sale of shares acquired via restricted stock vesting. Transaction represents <0.001% of market cap.
Market Context: Sale is pursuant to a 10b5-1 plan adopted on 11/20/2025, indicating a pre-scheduled transaction rather than a reaction to current market price.
Comprehensive Analysis
SEC Filing Analysis: PROGRESSIVE CORP/OH/
Executive Summary
- Trading Significance: Low
- Key Takeaway: Officer Karen Bailo proposes to sell shares acquired through restricted stock vesting under a pre-arranged 10b5-1 plan.
- Market Impact: Neutral - The transaction volume is negligible relative to the company's $125B market cap.
Company Information
| Field | Value |
|---|---|
| Company | PROGRESSIVE CORP/OH/ |
| CIK | 0000080661 |
| Industry | Fire, Marine & Casualty Insurance |
Insider Information
| Field | Value |
|---|---|
| Name | Bailo Karen |
| CIK | 0001828559 |
| Title/Position | Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2026/03/05 (Approx) |
| Transaction Code | S (Proposed Sale) |
| Security Type | Common |
| Shares Involved | 3,517 |
| Price Per Share | ~$212.00 (Implied) |
| Total Value | $745,604.00 |
| Ownership Type | Not Specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $745,604.00 |
| % of Market Cap | 0.0006% |
| Shares Transacted | 3,517 |
| % of Shares Outstanding | 0.0006% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a Large Cap company valued at $125.29 billion, a $745k transaction is statistically insignificant.
- Dilution Impact: None; this is a sale of existing shares, not a new issuance.
- Transaction Significance: The transaction represents less than 0.001% of shares outstanding, indicating no control-level implications.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale is small in absolute and relative terms. Furthermore, the shares were acquired via compensation (vesting) and are being sold under a 10b5-1 plan, which is standard executive compensation management.
Volume & Sentiment
- Expected Volume Impact: None. The 3,517 shares are a fraction of daily volume for a company of this size.
- Sentiment Indicator: Neutral. The sale does not signal lack of confidence due to its scheduled nature.
Additional Context
Transaction Notes
- Special Circumstances: The filing notes a plan adoption date of 11/20/2025, confirming this trade was executed under a Rule 10b5-1 trading plan. This provides an affirmative defense against insider trading accusations and indicates the sale was planned months in advance.
- Source of Shares: The shares to be sold were acquired on 01/20/2026 via Restricted Stock Vesting as compensation.
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.