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PROGRESSIVE CORP/OH/ — Director's Dealing 2022
May 18, 2022
29822_dirs_2022-05-18_1d72e8cd-a63c-4dc6-8162-749d55d9b79e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2022-05-16
Reporting Person: Burgdoerfer Stuart B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-16 | Common | A | 1914 | — | Acquired | 26415 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 11 | Indirect |
Footnotes
F1: Restricted stock grant, made pursuant to The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan, and which will vest on April 13, 2023. The Progressive Corporation allowed each director to indicate his or her preference to receive compensation for the 2022-2023 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 Committee granted a restricted stock award representing 60% of the reporting person's compensation for the 2022-2023 term, and authorized a cash payment on April 13, 2023 for the remaining 40% of the reporting person's compensation.