Form 4: Allstate COO Rizzo Reports Equity Awards and Holdings

Allstate's Chief Operating Officer, Mario Rizzo, reported the acquisition of common stock, stock options, and restricted stock units as part of equity incentive plans.

Summary

• Mario Rizzo, Chief Operating Officer-AIC of The Allstate Corporation, reported transactions involving company equity.
• Acquired 199 shares of common stock on October 5, 2025, from the conversion of a 2022 performance stock award, pursuant to The Allstate Corporation 2019 Equity Incentive Plan.
• Disposed of 89 shares of common stock on October 5, 2025, to cover tax withholding obligations related to the performance stock award conversion.
• Acquired 224 employee stock options on October 3, 2025, with an exercise price of $210.82. These options vest in three equal increments on October 3, 2026, October 3, 2027, and October 3, 2028, and expire on October 3, 2035.
• Awarded 57 Restricted Stock Units (RSUs) on October 3, 2025, under The Allstate Corporation 2019 Equity Incentive Plan. These RSUs will convert into common stock in three equal increments on October 3, 2026, October 3, 2027, and October 3, 2028.
• Following these transactions, Rizzo directly owns 68,814 shares of common stock and indirectly owns 1,662 shares through a 401(K) Plan.

Sentiment

Score: 6

Explanation: Slightly positive as it reflects the successful conversion of a performance award and the grant of new equity incentives, indicating ongoing executive compensation and alignment with shareholder interests, offset by routine tax withholding.

Positives

• Mario Rizzo received 199 shares of common stock from a 2022 performance stock award conversion, indicating achievement of prior performance targets.
• Granted 224 employee stock options, providing future equity upside potential and aligning executive interests with long-term company performance.
• Awarded 57 Restricted Stock Units (RSUs), further aligning management incentives with shareholder value over the long term.

Negatives

• 89 shares of common stock were withheld to satisfy tax obligations incident to the conversion of a performance stock award, resulting in a reduction of directly held shares.

Future Outlook

The reporting person's future equity holdings will increase as employee stock options and Restricted Stock Units vest in three annual increments starting October 3, 2026, and concluding on October 3, 2028, subject to continued employment and plan terms.

Industry Context

This filing represents a routine insider transaction related to executive compensation, common across the insurance industry for aligning management incentives with long-term company performance and retaining key talent.

Stakeholder Impact

• Shareholders: The grant of equity incentives aligns the Chief Operating Officer's interests with long-term shareholder value. The disposition for tax withholding is a minor, routine event.
• Employees: Reflects standard executive compensation practices within the company, potentially setting a precedent for other senior roles.

Next Steps

• Employee stock options will vest in three equal increments on October 3, 2026, October 3, 2027, and October 3, 2028.
• Restricted Stock Units (RSUs) will convert into common stock in three equal increments on October 3, 2026, October 3, 2027, and October 3, 2028.

Key Dates

Keywords

Allstate, ALL, Mario Rizzo, Insider Transaction, Form 4, Equity Incentive Plan, Stock Options, Restricted Stock Units, Performance Award, Executive Compensation