PROGRESSIVE CORP/OH/ — Director's Dealing 2021

Dec 20, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2021-12-12

Reporting Person: Clawson William L. II (Chief Human Resources Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	3637.034	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common (6313.014)		Direct

Footnotes

F1: Represents time-based restricted stock units granted to the reporting person between 2017 and 2021. Subject to the terms of the applicable plan and award agreements, each award vests in three roughly equal installments in the third, fourth and fifth January following the date of grant or earlier if the reporting person achieves qualified retirement eligibility as defined in the plan or applicable award agreement. The following number of units are scheduled to vest on the following dates: 1/1/22 - 1,690.196; 1/1/23 - 1,556.784; 1/1/24 - 1,086.262; 1/16/24 - 462.470; 1/1/25 -591.361; 1/21/25 - 462.470; and 1/20/26 - 463.471.

F2: Expiration Date is the same as Date Exercisable.

F3: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.