Form 4: Allstate Director Margaret M. Keane Reports Stock Acquisition and Disposal

Margaret M. Keane, a director of Allstate Corp, reports acquiring shares through a compensation plan and disposing of shares, while also increasing holdings through dividend reinvestment.

Summary

• On April 1, 2024, Margaret M. Keane, a director of Allstate Corp, acquired 181 shares of common stock at a price of $172.57 per share as part of the company's 2017 Equity Compensation Plan for Non-Employee Directors.
• These shares were received in lieu of cash compensation.
• Keane also disposed of an unspecified amount of shares on the same date.
• Additionally, between January 3, 2024, and April 2, 2024, Keane acquired 35.876 shares through the Shareowner Service Plus Plan, which reinvests dividends.
• Following these transactions, Keane's total beneficial ownership of Allstate common stock is 12,645.36 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The director is acquiring stock through compensation and dividend reinvestment, which is generally a positive sign, but there was also a disposal of shares.

Positives

• The director's participation in the equity compensation plan demonstrates alignment with shareholder interests.
• Dividend reinvestments indicate a long-term investment perspective.

Industry Context

Director stock transactions are common and closely watched as they can provide insights into management's confidence in the company's future prospects. Equity compensation plans are a standard practice to align the interests of directors and shareholders.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• Equity compensation plans are widely used to incentivize directors and align their interests with those of shareholders.
• Dividend reinvestment programs are also a standard offering for shareholders in many companies, including Allstate.

Stakeholder Impact

• The director's stock transactions may influence investor sentiment.
• The equity compensation plan impacts director compensation and alignment with shareholder interests.

Key Dates