Form 4: Allstate Corp Executive John E. Dugenske Sells 31,000 Shares
SEC Form 4 Filing
John E. Dugenske, Pres, Invest. & Corp. Strategy at Allstate Corp, sold 31,000 shares of common stock at an average price of $170.2001 on March 26, 2024.
Summary
- On March 26, 2024, John E. Dugenske, the President of Investment & Corporate Strategy at Allstate Corp, sold 31,000 shares of Allstate common stock.
- The sale was executed at a weighted average price of $170.2001 per share.
- Following the transaction, Dugenske directly owns 63,731 shares of Allstate common stock.
- He also indirectly owns 327 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.
Stakeholder Impact
- Shareholders may react to the insider sale, potentially affecting the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of the stock sale transaction. |
| 03/28/2024 | Date of the signature on the Form 4 filing. |
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