Form 4: Allstate EVP, CLO and General Counsel Christine M. DeBiase Reports Stock Transactions
SEC Form 4 Filing
Christine M. DeBiase, EVP, CLO and General Counsel of Allstate Corp, reports acquisition and disposal of common stock and conversion of restricted stock units.
Summary
- On April 1, 2024, Christine M. DeBiase acquired 7.904 shares of Allstate common stock at $169.357 per share through a dividend reinvestment plan.
- On February 3, 2025, DeBiase converted 2,538 Restricted Stock Units (RSUs) into an equal number of common shares at a price of $0 per share, pursuant to The Allstate Corporation 2019 Equity Incentive Plan.
- Also on February 3, 2025, DeBiase disposed of 876 shares of common stock at $191.98 per share.
- Following these transactions, DeBiase beneficially owns 3,124.904 shares of common stock and 2,538 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs will convert on February 3, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- These transactions are typically governed by company policies and SEC regulations to prevent insider trading.
- Similar filings can be observed for executives at comparable companies like State Farm, Progressive, and Berkshire Hathaway's insurance operations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2024-04-01 | Acquisition of common stock through dividend reinvestment. |
| 2024-12-05 | Date of Power of Attorney execution. |
| 2025-02-03 | Conversion of Restricted Stock Units and disposal of common stock. |
| 2025-02-03 | Date of earliest transaction. |
| 2025-02-05 | Date of signature for the report. |
| 2026-02-03 | Remaining RSUs will convert. |
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