Form 4: Allstate Director Gregg M. Sherrill Reports Stock Transactions

Director Gregg M. Sherrill reports the conversion of restricted stock units into common stock and the acquisition of additional restricted stock units.

Summary

• On June 1, 2024, Gregg M. Sherrill, a director of Allstate Corporation, converted 1,124 restricted stock units into an equal number of common shares.
• The conversion was executed under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
• Also on June 1, 2024, Sherrill acquired 1,045 restricted stock units under the same plan.
• Following these transactions, Sherrill directly owns 7,089 shares of Allstate common stock and 1,045 restricted stock units.
• The restricted stock units will convert into common stock upon the earlier of the third anniversary of the grant date, termination of board service, or death/disability.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Future Outlook

The restricted stock units will convert into common stock upon the earlier of (i) the third anniversary of the date of grant, (ii) the day following the date on which the reporting person's Board service terminates, and (iii) the day following the date of the reporting person's death or disability.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates