4/A: Allstate Director's Stock Award Rescinded Due to Compensation Change

A previously reported stock award to Allstate director Donald Eugene Brown was rescinded due to a change in his compensation election, resulting in a cash payment instead.

Summary

• This document is an amended SEC Form 4 filing, correcting a previous filing.
• The original filing incorrectly reported a stock award of 220 shares to director Donald Eugene Brown on January 1, 2025.
• This award was intended as compensation under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
• Due to a change in Mr. Brown's compensation election for 2025, he received a cash payment instead of the stock award.
• The amended filing rescinds the previously reported stock award, indicating no shares were issued.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing, indicating no significant positive or negative sentiment. It reflects standard corporate governance procedures.

Industry Context

This filing is a routine correction of a director's compensation reporting and does not indicate any broader industry trends or competitive issues.

Comparison to Industry Standards

• The correction of a Form 4 filing is a standard process in corporate governance.
• Many companies use equity compensation plans for non-employee directors, and changes in elections are not uncommon.
• The rescission of the stock award and the subsequent cash payment are within the typical range of compensation adjustments.

Stakeholder Impact

• The correction has a minimal impact on shareholders as it involves a change in the form of director compensation, not a change in overall compensation.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Stock Award, Director Compensation, Allstate, Equity Compensation, Donald Eugene Brown