Form 4: Allstate Director Monica Turner Receives Restricted Stock Unit Grant

Allstate Corporation Director Monica J. Turner was granted 894 Restricted Stock Units as part of the company's non-employee director compensation plan, convertible to common stock upon vesting conditions.

Summary

• Monica J. Turner, a Director of The Allstate Corporation (ALL), was granted 894 Restricted Stock Units (RSUs).
• The RSUs were granted on June 2, 2025, 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.
• These 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 her Board service, or the day following her death or disability.
• The filing also includes a Power of Attorney, dated December 2, 2024, authorizing specific individuals to file SEC forms on behalf of Monica J. Turner.

Sentiment

Score: 5

Explanation: The document reports a routine grant of Restricted Stock Units to a non-employee director, which is a standard compensation practice and does not indicate any significant positive or negative operational or financial developments for the company.

Positives

• The grant of Restricted Stock Units aligns the director's interests with long-term shareholder value.
• The compensation plan for non-employee directors is in place, indicating structured corporate governance.

Future Outlook

The document details the future vesting schedule for the granted Restricted Stock Units, indicating they will convert to common stock upon the earlier of the third anniversary of the grant date, termination of Board service, or death/disability.

Industry Context

The granting of Restricted Stock Units to non-employee directors is a common practice across publicly traded companies, serving as a form of equity compensation to align director interests with shareholder value and encourage long-term commitment.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is a standard compensation practice in the U.S. corporate landscape, comparable to practices at other large financial and insurance companies like Travelers Companies (TRV), Progressive Corporation (PGR), or Chubb Limited (CB).
• The specific number of units (894) and the vesting schedule (three-year anniversary or termination of service) are typical for such grants, aiming to retain directors and incentivize long-term performance.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to a director is a transaction between the company and a related party (an insider), which is disclosed as required by SEC regulations and is a standard compensation practice.

Stakeholder Impact

• Shareholders: The grant represents a form of non-cash compensation that aligns the director's interests with long-term shareholder value, as the value of the RSUs is tied to the company's stock performance. It also represents a minor potential dilution upon conversion, which is typical for equity compensation plans.

Next Steps

• The Restricted Stock Units are expected to convert into common stock upon the earlier of the third anniversary of the grant date (June 2, 2028), the day following the termination of Monica J. Turner's Board service, or the day following her death or disability.

Key Dates

Keywords

Allstate Corporation, ALL, Restricted Stock Units, RSU, Director Compensation, SEC Form 4, Insider Transaction, Equity Compensation Plan, Corporate Governance