People: Progressive Corp (PGR.N)
2 Dec 2016
Mr. John P. Sauerland is Chief Financial Officer, 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||1,549,620|
|Restricted Stock Awards, USD||3,560,100|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||12,750|
|Fiscal Year Total, USD||5,122,460|