Form 4: Allstate Director Richard T. Hume Receives Restricted Stock Unit Grant

Allstate Corporation Director Richard T. Hume was granted 894 Restricted Stock Units (RSUs) under the company's 2017 Equity Compensation Plan for Non-Employee Directors.

Summary

• Richard T. Hume, a Director of The Allstate Corporation, 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 are scheduled to convert into common stock upon the earliest of: the third anniversary of the grant date, the day following the termination of Mr. Hume's Board service, or the day following his death or disability.
• Following this transaction, Richard T. Hume beneficially owns 894 Restricted Stock Units directly.
• The filing was signed by Meghan E. Jauhar, attorney-in-fact for Richard T. Hume, on June 3, 2025, pursuant to a Power of Attorney executed on December 9, 2024.

Sentiment

Score: 7

Explanation: The filing indicates a routine, expected compensation event for a director, reflecting standard corporate governance and incentive alignment practices. It is neither significantly positive nor negative, but rather a neutral, procedural disclosure.

Positives

• The grant of Restricted Stock Units aligns the director's interests with long-term shareholder value, as the units vest over time or upon specific events.
• The compensation plan for non-employee directors helps attract and retain qualified board members, contributing to stable corporate governance.

Future Outlook

The Restricted Stock Units are designed to convert into common stock upon the earlier of the third anniversary of the grant date, the day following the reporting person's Board service termination, or the day following the reporting person's death or disability, indicating a long-term incentive structure.

Industry Context

The grant of Restricted Stock Units to non-employee directors is a common practice in the insurance and financial services industry, aligning director incentives with long-term company performance and shareholder interests. This type of equity compensation is a standard component of corporate governance for publicly traded companies like Allstate.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for non-employee director compensation is a widely adopted practice across S&P 500 companies, including major insurance peers such as Progressive (PGR) and Travelers (TRV), which also utilize equity-based incentives to align director interests with long-term shareholder value.
• The vesting schedule tied to service, death, or disability is a standard feature of such plans, comparable to those seen at companies like Chubb (CB) or Aflac (AFL), ensuring retention and commitment from board members.
• The grant of 894 RSUs, while specific to this director, falls within the typical range of annual equity grants for non-executive directors at large-cap companies, reflecting a standard component of their overall compensation package.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with long-term shareholder value, as the value of the compensation is tied to the company's stock performance.

Next Steps

• The Restricted Stock Units will convert into common stock upon the earlier of the third anniversary of the grant date (June 2, 2028), the day following the termination of Richard T. Hume's Board service, or the day following his death or disability.

Key Dates

Recommendation

Keywords

Allstate Corporation, ALL, Richard T. Hume, Restricted Stock Units, RSU, SEC Form 4, Director Compensation, Equity Compensation Plan, Insider Transaction