Jonathan S. Bauer - 01 Jan 2025 Form 4 Insider Report for PROGRESSIVE CORP/OH/ (PGR)

Role: Chief Investment Officer
Signature: /s/ Allyson L. Bach, By Power of Attorney
Issuer symbol: PGR
Transactions as of: 01 Jan 2025
Net transactions value: -$158,845
Form type: 4
Filing time: 03 Jan 2025, 15:14:04 UTC
Previous filing: 15 Oct 2024
Next filing: 21 Jan 2025
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	+1,889	+7.6%	$0.000000	26,609	01 Jan 2025	Direct	F1
transaction	PGR	Common	Tax liability	$158,845	-661	-2.5%	$240.31	25,948	01 Jan 2025	Direct
holding	PGR	Common						113	01 Jan 2025	401(k)

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	-1,889	-12%	$0.000000	13,667	01 Jan 2025	Common	1,889		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, 2025.
F4	Expiration Date is the same as the Date Exercisable.