Form 4: Allstate Director Perry M. Traquina Acquires Shares and Units Under Compensation Plans

Director Perry M. Traquina acquired Allstate common stock and common share units through the company's compensation and deferred compensation plans.

Summary

• On January 1, 2025, Perry M. Traquina, a director of Allstate Corp, acquired 213 shares of common stock at a price of $192.79 per share, bringing the total shares beneficially owned to 4,743.823.
• These shares were acquired through an election to receive stock in lieu of cash compensation under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
• Traquina also acquired common share units pursuant to The Allstate Corporation Amended and Restated Deferred Compensation Plan for Non-Employee Directors.
• These units represent deferred director's fees converted into units based on the market value of Allstate's common shares, and dividend equivalents are also credited as units.
• For the period of October 2, 2024, through January 2, 2025, Traquina acquired 36.04 common share units representing dividends, bringing the total common share units to 7,555.432.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions related to compensation plans, indicating a neutral to slightly positive sentiment as it shows director's continued investment in the company.

Positives

• The director's participation in the equity compensation plan aligns their interests with those of the shareholders.
• The acquisition of shares and units demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and officers.

Comparison to Industry Standards

• Director compensation plans involving stock and unit awards are standard practice among publicly traded companies, including peers like State Farm (a private company and therefore not directly comparable in terms of SEC filings), Progressive, and Geico (a subsidiary of Berkshire Hathaway).
• The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors is similar to plans offered by other large insurance companies to attract and retain qualified board members.
• Deferred compensation plans are also common, allowing directors to defer income and potentially reduce their current tax burden while aligning their interests with the long-term performance of the company.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with company performance.
• The compensation plans provide a benefit to non-employee directors.

Key Dates