Niederst Lori A

Niederst Lori A, CRM President at Progressive Corp (PGR), has demonstrated a consistent pattern of selling activity over the past two years, with no recorded purchases in the same period. According to SEC Form 4 filings, Niederst executed 30 transactions exclusively involving PGR, all of which were sales or related dispositions, totaling approximately $6.47 million in aggregate value. The most significant transactions include a $2.02 million sale on August 14, 2025, and a $1.64 million disposition on July 25, 2025, alongside smaller sales such as $952,416 on January 30, 2025, and $218,827 on January 17, 2024. Recent filings show continued dispositions, including a $319,294 transaction on January 20, 2026, reinforcing the trend. The filings indicate that Niederst’s activity is concentrated on PGR, with no diversification across other securities. Many of the transactions are coded as "F" (tax liability) or "S" (open-market sale), suggesting routine stock-based compensation dispositions rather than discretionary trading. Notably, multiple filings with zero-dollar values—often coded as "A" (award) or "M" (exercise of derivative security)—reflect equity grants or option exercises without immediate monetization. The absence of buy transactions and the recurring nature of sales point to a strategy of gradual divestment, though the filings do not disclose whether the sales represent a reduction in overall holdings or merely periodic liquidation of vested awards.