Form 4: Allstate Corp Executive Reports Stock Transaction

Andrea M. Carter, EVP, Chief HR Officer - AIC at The Allstate Corporation, reported a transaction involving the conversion of Restricted Stock Units (RSUs) into common shares.

Summary

• Andrea M. Carter, Executive Vice President and Chief Human Resources Officer - AIC for The Allstate Corporation, executed a transaction on June 4, 2026.
• This transaction involved the conversion of 4,025 Restricted Stock Units (RSUs) into 4,025 shares of common stock.
• The conversion was made without any payment, as per The Allstate Corporation 2019 Equity Incentive Plan.
• Following this conversion, Ms. Carter beneficially owns 4,025 shares of common stock directly.
• Additionally, 1,654 shares were disposed of at a price of $210.84, resulting in 2,371 shares directly owned.
• The total direct beneficial ownership of common stock after these transactions is 4,025 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine executive compensation events (RSU conversion) and a disposition of shares, which is a standard practice for executives.

Positives

• Conversion of RSUs into common stock indicates the vesting and realization of equity compensation for a key executive.
• The conversion of 4,025 RSUs into common shares without payment is a positive realization of executive compensation.

Negatives

• A disposition of 1,654 shares at $210.84 per share was reported, which could indicate a sale of vested equity.

Future Outlook

The filing indicates that remaining RSUs will convert on June 4, 2027, and June 4, 2028, suggesting continued vesting and potential future equity transactions.

Management Comments

• Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan.
• The remaining RSUs will convert on June 4, 2027 and June 4, 2028.

Industry Context

StockSavvy.ai notes that executive stock transactions, particularly the conversion of RSUs and subsequent dispositions, are common within the insurance industry as a method of executive compensation and wealth realization.

Stakeholder Impact

• Shareholders: The disposition of 1,654 shares by a key executive may be observed, though it is a standard part of equity compensation realization. The conversion of RSUs itself does not dilute ownership but represents the fulfillment of compensation awards.

Next Steps

• Conversion of remaining RSUs on June 4, 2027.
• Conversion of remaining RSUs on June 4, 2028.

Key Dates

Keywords

Allstate Corp, ALL, Form 4, SEC Filing, Stock Transaction, Restricted Stock Units, RSU Conversion, Executive Compensation, Beneficial Ownership