Form 4: Allstate Corp Executive Suren Gupta Executes Stock Option and Sells Shares
SEC Form 4 Filing
Suren Gupta, President of Enterprise Solutions at Allstate Corp, exercised stock options and sold shares on July 18, 2024, according to a recent SEC filing.
Summary
- On July 18, 2024, Suren Gupta, President, Enterprise Solutions at Allstate Corp, exercised an employee stock option to acquire 45,775 shares of Allstate common stock at a price of $70.71 per share.
- Gupta then sold a total of 45,775 shares in multiple open market transactions.
- The sales occurred at weighted average prices ranging from $175.2515 to $179.4436.
- Following these transactions, Gupta directly owns 89,930 shares of Allstate common stock.
- Gupta also indirectly owns 1,299 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/18/2018 | Date employee stock option was exercisable |
| 02/18/2025 | Expiration date of employee stock option |
| 07/18/2024 | Date of stock option exercise and share sales |
| 07/22/2024 | Date of SEC filing |
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