Patrick K. Callahan - 01 Jan 2022 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol
PGR
Transactions as of
01 Jan 2022
Transactions value $
-$257,446
Form type
4
Date filed
04 Jan 2022, 14:04
Previous filing
30 Dec 2021
Next filing
06 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +8.78K +38.46% $0.00 31.6K 01 Jan 2022 Direct F1
transaction PGR Common Tax liability -$257K -2.52K -7.97% $102.08 29.1K 01 Jan 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PGR Restricted Stock Unit Options Exercise $0 -8.78K -27.41% $0.00 23.3K 01 Jan 2022 Common 8.78K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Shares issued upon the vesting of restricted stock unit awards, including dividend equivalent units. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
F2 Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F3 Units vested on January 1, 2022.
F4 Expiration Date is the same as the Date Exercisable.