Broz Steven, Chief Information Officer at The Progressive Corporation (PGR), has demonstrated a consistent pattern of selling activity over multiple years, with no recorded purchases in SEC filings. Since 2025, Steven has executed at least six sales totaling over $6.5 million in aggregate value, with transactions ranging from $183,356 to $1.36 million. The largest single transaction occurred on July 25, 2025, when Steven disposed of shares worth $1.36 million, followed by a series of mid-sized sales, including $337,299 on August 22, 2025, and $325,624 on September 19, 2025. More recent activity includes a $309,630 sale on January 20, 2026, and a $302,131 transaction on December 19, 2025.
The filings show Steven’s transactions are exclusively tied to PGR, with no diversification across other securities. Many filings include code "A" (award or grant) and "F" (tax-related dispositions), suggesting some sales may be linked to vesting events or tax obligations rather than discretionary trades. However, the absence of any buys—coupled with repeated open-market sales—indicates a sustained reduction in equity exposure. While the reasons behind the sales remain undisclosed, the data reflects a clear directional trend: Steven has systematically liquidated PGR holdings over the past two years without accumulating additional shares.
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