11 unchanged sentences
Plans or Programs
−Removed: July 208,955 $ 123.14 244,122 24,755,878
−Removed: August 46,822 130.01 290,944 24,709,056
−Removed: September 56,408 139.96 347,352 24,652,648
+Added: January 208,942 $ 163.91 935,880 24,064,120
+Added: February 3,347 177.70 939,227 24,060,773
+Added: March 11,354 197.03 950,581 24,049,419
Total 223,643 $ 165.80
2 unchanged sentences
Share repurchases under this authorization may be accomplished through open market purchases, including trading plans entered into with one or more brokerage firms in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, through privately negotiated transactions, pursuant to our equity incentive awards, or otherwise.
−Removed: During the third quarter 2023, all repurchases were accomplished in conjunction with our equity incentive awards or through the open market at the then-current market prices.
+Added: During the first quarter 2024, all repurchases were accomplished in conjunction with our equity incentive awards at the then-current market prices;
+Added: there were no open market purchases during the quarter.
Progressive’s financial policies state that we will repurchase shares to neutralize dilution from equity-based compensation in the year of issuance and as an option to effectively use under-leveraged capital.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.