Mayfield Village, Ohio-based Progressive Corp. announced that it purchased 200,000 of its common shares, $1 par value, from Peter B. Lewis, the company’s chairman of the board, through an entity owned and controlled by Lewis.
The purchase price for the shares was $71 per share, representing the market price of the shares at the time of the transaction. This transaction is part of Progressive’s previously announced share repurchase program. Proceeds of the sale are for Lewis’s personal use.
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
