People: Progressive Corp (PGR.N)
18 Aug 2017
Mr. John P. Sauerland is the Chief Financial Officer and Vice President of the Company. He was President and CEO of ARX, has two adult children and a spouse of a child who were employed by a subsidiary of ARX during 2015. Using the Summary Compensation Table methodology, the collective dollar value of these employment relationships for 2015 was less than $186,000. We believe that the level of compensation is appropriate in view of each individual’s position, responsibilities, and experience and is consistent with ASI’s companywide compensation structure.
|Total Annual Compensation, USD||1,687,440|
|Restricted Stock Awards, USD||1,650,120|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||12,000|
|Fiscal Year Total, USD||3,349,550|