John P. Sauerland - 01 Jan 2022 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role
VP and Chief Financial Officer
Signature
/s/ Laurie F. Humphrey, By Power of Attorney
Issuer symbol
PGR
Transactions as of
01 Jan 2022
Transactions value $
-$926,886
Form type
4
Filing time
04 Jan 2022, 14:56:51 UTC
Previous filing
30 Dec 2021
Next filing
19 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGR Common Options Exercise $0 +23.4K +7.59% $0.00 331K 01 Jan 2022 Direct F1
transaction PGR Common Tax liability -$927K -9.08K -2.74% $102.08 322K 01 Jan 2022 Direct
holding PGR Common 13.2K 01 Jan 2022 401(k) Plan
holding PGR Common 1.2K 01 Jan 2022 By Child

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 -23.4K -36.95% $0.00 39.9K 01 Jan 2022 Common 23.4K 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.