Form 4: Allstate Director Donald Eugene Brown Reports Changes in Beneficial Ownership

Donald Eugene Brown, a director at Allstate Corp, reports acquiring 210 shares of common stock through an equity compensation plan and additional shares through a dividend reinvestment plan.

Summary

• On October 1, 2024, Donald Eugene Brown, a director of Allstate Corporation, acquired 210 shares of common stock.
• The acquisition was made through the Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors, where stock was received in lieu of cash compensation.
• The price per share for this acquisition was $189.88.
• Additionally, Mr. Brown acquired 12.47 shares between July 3, 2024, and October 2, 2024, through the Shareowner Service Plus Plan, which reinvests dividends.
• Following these transactions, Mr. Brown's total beneficial ownership of Allstate common stock is 5,180.673 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions by a company director. The acquisition of shares through compensation and dividend reinvestment is generally a positive sign, but not significantly impactful.

Positives

• The director's participation in the equity compensation plan and dividend reinvestment plan demonstrates a continued investment in the company's stock.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.

Stakeholder Impact

• The director's stock acquisitions could be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates