1 unchanged sentence
(c) Insider Trading Arrangements
−Removed: During the second quarter 2025, no director or executive officer adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
+Added: During the third quarter 2025, certain executive officers entered into Rule 10b5-1 trading arrangements that are intended to satisfy the affirmative defense of Rule 10b5-1(c).
+Added: Bauer’s plan provides for the sale of all of the shares issued upon vesting for certain outstanding equity awards previously granted to Mr.
+Added: Bauer, excluding any shares withheld by the company to satisfy tax withholding obligations (see our 2025 Proxy Statement for a description of the company’s equity compensation plans).
+Added: In addition, both of the executive officers’ plans provide for the sale and/or gift of a certain amount of shares (see “Additional or Specified Shares” below) held by the applicable executive, that are not sold in connection with the vesting of an outstanding equity award (as described above), some of which may have been the result of a prior vesting event for the executive.
+Added: Below are the details of each applicable Rule 10b5-1 trading arrangement:
+Added: Name Title Date Entered Date Expires 1
+Added: Additional or Specified Shares
+Added: Bauer Chief Investment Officer August 21, 2025 July 31, 2026 450
+Added: Sauerland Vice President and Chief Financial Officer August 21, 2025 November 28, 2025 5,000
+Added: 1 Subject to the plan’s earlier expiration or completion in accordance with its terms.
Additional Information
1 unchanged sentence
investors.progressive.com/financials.
−Removed: See exhibit index contained herein beginning on page 54, wh ich is incorporated by reference from information with respect to this item.
+Added: See exhibit index contained herein beginning on page 57, which is incorporated by reference from information with respect to this item.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
THE PROGRESSIVE CORPORATION
−Removed: August 4, 2025 By:
+Added: November 3, 2025 By:
Vice President and Chief Financial Officer
4 unchanged sentences
Previously Filed with SEC
−Removed: 10(iii) 10.1 Form of Restricted Stock Award Agreement under The Progressive Corporation Amended and Restated 2017 Directors Equity Incentive Plan (for 2025)
−Removed: Filed herewith
31 31.1 Rule 13a-14(a)/15d-14(a) Certification of the Principal Executive Officer, Susan Patricia Griffith
16 unchanged sentences
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.