Form 4: Allstate Corp Director Jacques P. Perold Reports Acquisition of Restricted Stock Units

Director Jacques P. Perold reports the acquisition of 1,045 Restricted Stock Units (RSUs) in Allstate Corp on June 1, 2024, under the company's 2017 Equity Compensation Plan for Non-Employee Directors.

Summary

• On June 1, 2024, Jacques P. Perold, a director of Allstate Corp, acquired 1,045 Restricted Stock Units (RSUs).
• These RSUs were granted under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
• Each RSU represents the right to receive one share of Allstate common stock.
• The RSUs will convert into common stock upon the earlier of (i) the third anniversary of the grant date, (ii) the day following the termination of Board service, or (iii) the day following death or disability.
• Following this transaction, Mr. Perold directly owns 1,045 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard equity compensation practice, suggesting a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting conditions encourage continued service on the board.

Future Outlook

The document does not contain any specific forward-looking statements regarding Allstate's future performance.

Industry Context

This filing is a routine disclosure of equity compensation to a company director, a common practice in publicly traded companies to incentivize and align the interests of directors with shareholders.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a standard practice across publicly traded companies.
• The specific terms of the RSU grant, such as the vesting schedule and triggering events, are typical for director compensation packages.
• Companies like Progressive, Berkshire Hathaway, and State Farm also utilize equity-based compensation for their board members.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The equity compensation plan can help attract and retain qualified board members.

Key Dates