diff --git a/monkey/common/agent_events/__init__.py b/monkey/common/agent_events/__init__.py
index 3ac5a343d..e185de1fa 100644
--- a/monkey/common/agent_events/__init__.py
+++ b/monkey/common/agent_events/__init__.py
@@ -2,3 +2,4 @@ from .abstract_agent_event import AbstractAgentEvent
 from .credentials_stolen_events import CredentialsStolenEvent
 from .ping_scan_event import PingScanEvent
 from .tcp_scan_event import TCPScanEvent
+from .propagation_event import PropagationEvent
diff --git a/monkey/common/agent_events/propagation_event.py b/monkey/common/agent_events/propagation_event.py
new file mode 100644
index 000000000..04ef53dc8
--- /dev/null
+++ b/monkey/common/agent_events/propagation_event.py
@@ -0,0 +1,22 @@
+from ipaddress import IPv4Address
+
+from pydantic import Field
+
+from . import AbstractAgentEvent
+
+
+class PropagationEvent(AbstractAgentEvent):
+    """
+    An event that occurs when the Agent propagates on a host
+
+    Attributes:
+        :param target: IP address of the propagated system
+        :param success: Status of the propagation
+        :param exploiter_name: Name of the exploiter that propagated
+        :param error_message: Message if an error occurs during propagation
+    """
+
+    target: IPv4Address
+    success: bool
+    exploiter_name: str
+    error_message: str = Field(default="")
diff --git a/monkey/tests/unit_tests/common/agent_events/test_propagation_event.py b/monkey/tests/unit_tests/common/agent_events/test_propagation_event.py
new file mode 100644
index 000000000..33dc1cc2a
--- /dev/null
+++ b/monkey/tests/unit_tests/common/agent_events/test_propagation_event.py
@@ -0,0 +1,82 @@
+from ipaddress import IPv4Address
+from uuid import UUID
+
+import pytest
+
+from common.agent_events import PropagationEvent
+
+TARGET_IP_STR = "192.168.1.10"
+AGENT_ID = UUID("012e7238-7b81-4108-8c7f-0787bc3f3c10")
+TIMESTAMP = 1664371327.4067292
+
+PROPAGATION_EVENT = PropagationEvent(
+    source=AGENT_ID,
+    timestamp=TIMESTAMP,
+    target=IPv4Address(TARGET_IP_STR),
+    success=True,
+    exploiter_name="SSHExploiter",
+)
+
+PROPAGATION_OBJECT_DICT = {
+    "source": AGENT_ID,
+    "timestamp": TIMESTAMP,
+    "target": IPv4Address(TARGET_IP_STR),
+    "success": True,
+    "exploiter_name": "SSHExploiter",
+    "error_message": "",
+}
+
+PROPAGATION_SIMPLE_DICT = {
+    "source": str(AGENT_ID),
+    "timestamp": TIMESTAMP,
+    "target": TARGET_IP_STR,
+    "success": "true",
+    "exploiter_name": "SSHExploiter",
+    "error_message": "",
+}
+
+
+@pytest.mark.parametrize(
+    "propagation_event_dict", [PROPAGATION_OBJECT_DICT, PROPAGATION_SIMPLE_DICT]
+)
+def test_constructor(propagation_event_dict):
+    assert PropagationEvent(**propagation_event_dict) == PROPAGATION_EVENT
+
+
+@pytest.mark.parametrize(
+    "key, value",
+    [
+        ("target", None),
+        ("success", "not-a-bool"),
+        ("exploiter_name", None),
+        ("error_message", None),
+    ],
+)
+def test_construct_invalid_field__type_error(key, value):
+    invalid_type_dict = PROPAGATION_SIMPLE_DICT.copy()
+    invalid_type_dict[key] = value
+
+    with pytest.raises(TypeError):
+        PropagationEvent(**invalid_type_dict)
+
+
+@pytest.mark.parametrize(
+    "key, value",
+    [
+        ("target", "not-an-ip"),
+    ],
+)
+def test_construct_invalid_field__value_error(key, value):
+    invalid_type_dict = PROPAGATION_SIMPLE_DICT.copy()
+    invalid_type_dict[key] = value
+
+    with pytest.raises(ValueError):
+        PropagationEvent(**invalid_type_dict)
+
+
+def test_construct__extra_fields_forbidden():
+    extra_field_dict = PROPAGATION_SIMPLE_DICT.copy()
+    extra_field_dict["extra_field"] = 99  # red balloons
+
+    with pytest.raises(ValueError):
+        PropagationEvent(**extra_field_dict)
diff --git a/vulture_allowlist.py b/vulture_allowlist.py
index 48a50e8cc..45c700094 100644
--- a/vulture_allowlist.py
+++ b/vulture_allowlist.py
@@ -7,7 +7,7 @@ from common.agent_configuration.agent_sub_configurations import (
     CustomPBAConfiguration,
     ScanTargetConfiguration,
 )
-from common.agent_events import PingScanEvent, TCPScanEvent
+from common.agent_events import PingScanEvent, PropagationEvent, TCPScanEvent
 from common.credentials import Credentials, LMHash, NTHash
 from common.types import NetworkPort
 from infection_monkey.exploit.log4shell_utils.ldap_server import LDAPServerFactory
@@ -311,13 +311,13 @@ IAgentLogRepository
 IAgentLogRepository.upsert_agent_log
 IAgentLogRepository.get_agent_log
 
-# TODO: Remove once #2268 is closed
-PingScanEvent
-
 # TODO: Remove once #2267 is closed
 TCPScanEvent
 TCPScanEvent.port_status
 
+# TODO: Remove once #2269 is close
+PropagationEvent
+
 # pydantic base models
 underscore_attrs_are_private
 extra