Form 4: Allstate CEO Thomas J. Wilson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas J. Wilson, Chairman, President & CEO of Allstate Corp, reports changes in beneficial ownership related to employee stock options and assignments within TJW Options LLC.
Summary
- Thomas J. Wilson, the Chairman, President, and CEO of Allstate Corporation, filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The reported transactions involve employee stock options and the assignment of membership interests within TJW Options LLC.
- On September 27, 2024, there were assignments of membership interests in TJW Options LLC 2019 Series Middle Third and 2020 Series First Third from the Thomas J. Wilson 2022-A GRAT Trust to the Thomas J. Wilson 2020-B GRAT Remainder Trust.
- These assignments relate to employee stock options with exercise prices of $92.46 and $124.26.
- The transactions did not involve a direct purchase or sale of Allstate shares but rather a transfer of derivative security ownership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the indirect ownership of Allstate shares by its CEO through derivative securities.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Date employee stock options were exercisable. |
| 02/19/2023 | Date employee stock options were exercisable. |
| 09/27/2024 | Date of the transaction (assignment of membership interests). |
| 02/08/2029 | Expiration date of employee stock options. |
| 02/19/2030 | Expiration date of employee stock options. |
| 10/01/2024 | Date of signature on the Form 4. |
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