Progressive CEO sells about $8M in stock on a preset schedule

Progressive (PGR) CEO Susan Patricia Griffith sold 37,338 shares near $219.50 in early September, about $8 million. The sale ran through a Rule 10b5-1 plan set months earlier, so the timing was scheduled rather than a call on the stock. She still holds a large stake. This is one to watch for David J. Taylor, who keeps a tenth of his portfolio in the insurer.