May 10, 2024 · Form 4 insider transaction
Craig Pamela J. bought 1,029 shares of The Progressive Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Restricted stock grant made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan, and which will vest on April 11, 2025. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2024-2025 term in the form of 100% restricted stock or 60% restricted stock and 40% cash. The reporting person indicated a preference to receive compensation in the form of 60% restricted stock and 40% cash. After considering such preference, the Compensation and Talent Committee granted a restricted stock award representing 60% of the reporting person's compensation for the 2024-2025 term, and authorized a cash payment on April 11, 2025, for the remaining 40% of the reporting person's compensation.