4/A: Allstate Corp Executive Suren Gupta Reports Share Transactions

Suren Gupta, President of Enterprise Solutions at Allstate Corp, reports acquisition and disposal of common stock related to a performance stock award.

Summary

• Suren Gupta, President, Enterprise Solutions at Allstate Corp, filed a Form 4/A with the SEC.
• The filing reports transactions in Allstate Corp common stock on February 14, 2025.
• Gupta acquired 5,326 shares upon conversion of a 2022 performance stock award at a price of $0.
• 1,586 shares were withheld to satisfy tax obligations at a price of $187.63.
• Following these transactions, Gupta directly owns 93,318 shares and indirectly owns 1,311 shares through a 401(k) plan.
• The amendment corrects a typographical error in the original Form 4 regarding the transaction date.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The acquisition of shares through a performance award is mildly positive, but the tax withholding is a neutral event.

Positives

• The acquisition of shares through the performance stock award conversion suggests positive performance metrics were met.

Future Outlook

No future outlook provided in the document.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Allstate, similar to filings made by executives at comparable firms such as State Farm, Progressive, and Berkshire Hathaway's insurance operations.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring consistent disclosure across the industry.

Key Dates

Keywords

Form 4, Allstate Corp, Suren Gupta, stock, acquisition, disposal, performance stock award, insider trading, SEC