BAUER JONATHAN S. (Chief Investment Officer) exercised options at PROGRESSIVE CORP/OH/
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 1/22/2026ACC: 0000080661-26-000042
Officer· Chief Investment Officer
Since Jan 2020
-1.50K
Net shares
Net seller
$301.2K
Total sold
0
Open market trades
0B · 0S
3
Total transactions
4.60K acquired · 6.10K disposed
Non-Derivative Transactions2
Common
Direct
Shares
+4.60K
Price / share
—
Trade value
—
% of position
17.5%
1/20/2026
26.25K→30.85K
Common
Direct
Shares
−1.50K
Price / share
$201.32
Trade value
$301.17K
% of position
4.8%
1/20/2026
30.85K→29.35K
Total
Net shares
+3.11K
Net value
-$301.17K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Direct | 1/20/2026 | M · Option Exercise | +4.60K | — | — | 17.5% | 26.25K | 30.85K |
| Common Direct | 1/20/2026 | F · Tax Withholding | −1.50K | $201.32 | $301.17K | 4.8% | 30.85K | 29.35K |
| Total | +3.11K | -$301.17K | ||||||
Derivative Transactions1
Restricted Stock Unit
Direct
Converts to
Common
4.60K shares
Shares
−4.60K
Strike price
Held after
9.18K
Exercisable
—
1/20/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Unit Direct | Common4.60K shares | 1/20/2026 | M · Option Exercise | −4.60K | — | 9.18K |
Non-Derivative Holdings (Post-Transaction)1
Common
IndirectShares owned122.56
Total
122.56 indirect122.56
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common | 122.56 | Indirect |
| Total | 122.56 | 122.56 indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported