Form 4: Allstate Director Jacques Perold Receives Equity Grant of 894 Restricted Stock Units

Allstate Corporation director Jacques P. Perold was granted 894 Restricted Stock Units under the company's 2017 Equity Compensation Plan for Non-Employee Directors, as disclosed in a recent SEC Form 4 filing.

Summary

• Jacques P. Perold, a Director of The Allstate Corporation (ALL), was granted 894 Restricted Stock Units (RSUs) on June 2, 2025.
• The grant was made under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
• Each RSU represents the right to receive one share of Allstate common stock.
• The RSUs will convert into common stock upon the earliest of: the third anniversary of the grant date (June 2, 2028), the day following the termination of Mr. Perold's Board service, or the day following his death or disability.
• Following this transaction, Mr. Perold beneficially owns 894 derivative securities (RSUs).
• A Power of Attorney, executed on November 26, 2024, authorizes specific individuals to prepare and file SEC Forms 3, 4, and 5 on behalf of Mr. Perold to ensure compliance with Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The document reports a routine equity grant to a director, which is a positive for aligning interests but does not contain significant new financial or operational information to dramatically shift sentiment. It's a standard corporate governance disclosure.

Positives

• The grant of Restricted Stock Units aligns the director's interests with shareholders by providing equity compensation, encouraging long-term value creation.
• The existence of an equity compensation plan for non-employee directors indicates a structured and transparent approach to director remuneration.

Negatives

• No specific negative financial or operational information is disclosed in this Form 4 filing, which primarily reports an insider transaction.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this Form 4 filing, as its primary purpose is to report an insider transaction.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook, as its purpose is to report an insider transaction.

Management Comments

• "Restricted Stock Units (RSUs) granted under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors providing that each RSU represents the right to receive one share of Allstate common stock following either a standard restriction period or a deferred period of restriction if elected."
• "The RSUs reported 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

The grant of equity compensation to non-employee directors is a standard practice across many industries, including the insurance sector, to align director incentives with long-term shareholder value. This specific transaction reflects Allstate's ongoing compensation practices for its board members.

Comparison to Industry Standards

• The grant of Restricted Stock Units to non-employee directors is a common form of compensation in large publicly traded companies, including those in the insurance industry such as Progressive (PGR), Travelers (TRV), and Chubb (CB).
• The specific number of units granted would typically be benchmarked against peer companies' director compensation packages, considering factors like company size, director responsibilities, and overall compensation philosophy.
• Without specific compensation plan details for comparable companies, a direct quantitative comparison is not feasible from this document alone, but the mechanism itself is standard.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, potentially encouraging long-term value creation.

Next Steps

• The Restricted Stock Units are expected to convert into common stock upon the earliest of the specified vesting conditions (third anniversary of grant, termination of board service, or death/disability).

Key Dates

Recommendation

Keywords

Allstate Corporation, ALL, SEC Form 4, Restricted Stock Units, RSU, Equity Compensation, Director Compensation, Insider Transaction, Jacques P. Perold, Corporate Governance