Financials · Property & Casualty Insurance · NYSE
PGRProgressive Corporation
Deals with insiders in the proxy filed 2026-03-23
Deals between PGR and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-24.
TRANSACTIONS WITH RELATED PERSONS“Timothy J. Barrett, the brother-in-law of Steven A. Broz, our Chief Information Officer, works in our Claims organization. Mr. Barrett’s total compensation for 2025 was approximately $138,000. Mr. Broz had no role in Mr. Barrett’s hiring, supervision, or compensation. The company established Mr. Barrett’s compensation in accordance with its compensation practices applicable to employees with comparable qualifications and responsibilities and holding similar positions. Additionally, Mr. Barrett participates in the company's health and welfare benefit plans.”
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The whole section
3 paragraphs quoted as filed
TRANSACTIONS WITH RELATED PERSONS“From time to time, we may enter into transactions with a director or executive officer, certain of their relatives, or an entity in which one or more of our directors or executive officers, or a relative of such person, is an owner, director, or executive officer. With limited exceptions relating to transactions made in the ordinary course of business and certain low dollar transactions, such transactions must be disclosed to and approved by our Board under our Code of Business Conduct and Ethics. This policy is carried out by the Secretary as transactions with such persons or entities, or proposals for such transactions, are identified by management or disclosed by members of the Board. The Board reviews these transactions as they are identified and, for ongoing transactions, on an annual basis thereafter.”
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TRANSACTIONS WITH RELATED PERSONS“During 2025, except as described below, no transactions with related persons exceeding $120,000 in value were identified and reportable under SEC rules. For purposes of these disclosures, we exclude purchases of Progressive insurance policies, payments of claims required by our insurance policies, and other ordinary course transactions that were determined not to confer a material interest in our director, executive officer, or other related person.”
Read it in the proxy ↗
TRANSACTIONS WITH RELATED PERSONS“Timothy J. Barrett, the brother-in-law of Steven A. Broz, our Chief Information Officer, works in our Claims organization. Mr. Barrett’s total compensation for 2025 was approximately $138,000. Mr. Broz had no role in Mr. Barrett’s hiring, supervision, or compensation. The company established Mr. Barrett’s compensation in accordance with its compensation practices applicable to employees with comparable qualifications and responsibilities and holding similar positions. Additionally, Mr. Barrett participates in the company's health and welfare benefit plans.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗