Form 4: Allstate Corp: CEO Thomas J. Wilson Reports Changes in Beneficial Ownership
SEC Form 4
Thomas J. Wilson, Chairman, President & CEO of Allstate Corp, reports changes in beneficial ownership of company stock and derivative securities due to trust transfers and assignments.
Summary
- On March 22, 2024, Thomas J. Wilson reported changes in his beneficial ownership of Allstate Corp stock.
- These changes involve transfers and distributions of common stock and assignments of membership interests in TJW Options LLC related to various GRAT (Grantor Retained Annuity Trust) trusts.
- Specifically, 161,708 shares formerly held by TJW Options LLC 2012 Series were transferred to the Thomas J. Wilson 2021-C GRAT Trust.
- Additionally, 155,455 shares formerly held by the Thomas J. Wilson 2021-C GRAT Trust were distributed to direct ownership.
- 126,548 shares were transferred from the Thomas J. Wilson 2021-C GRAT Trust to the Thomas J. Wilson 2020-B GRAT Remainder Trust.
- 50.29% of the membership interests in TJW Options LLC 2019 Series First Third were assigned from the Thomas J. Wilson 2021-C GRAT Trust to the Thomas J. Wilson 2020-B GRAT Remainder Trust.
- The filing also details Mr. Wilson's direct and indirect ownership of common stock through various entities, including 401(k) Plan and other GRATs.
- The filing also details Mr. Wilson's direct and indirect ownership of employee stock options through TJW Options LLC 2019 Series.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transfers. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are often related to estate planning or tax optimization strategies.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership structure, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Date employee stock options became exercisable |
| 02/08/2029 | Expiration date of employee stock options |
| 03/22/2024 | Date of the transactions reported in the Form 4 |
| 03/26/2024 | Date of signature for the Form 4 filing |
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