ALL.NYSEAllstate CORP

Form 4: Allstate EVP & CTO Zulfikar Jeevanjee Reports Stock Transactions

Sentiment:

SEC Form 4

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Zulfikar Jeevanjee, EVP & CTO of Allstate, reports the conversion of Restricted Stock Units (RSUs) and the disposition of shares to cover tax obligations.

Summary

  • On November 3, 2024, Zulfikar Jeevanjee, EVP & CTO of Allstate, converted 5,109 Restricted Stock Units (RSUs) into an equal number of common shares.
  • Following the conversion, Jeevanjee disposed of 1,661 common shares at a price of $184.15 to satisfy tax obligations.
  • After these transactions, Jeevanjee directly owns 7,060 common shares and 5,110 Restricted Stock Units.
  • The remaining RSUs will convert on November 3, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of information.

Future Outlook

The remaining 5,110 Restricted Stock Units will convert into common shares on November 3, 2025.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates

DateDescription
11/03/2024Conversion of 5,109 Restricted Stock Units (RSUs) into common shares and disposition of 1,661 shares for tax obligations.
11/03/2025Date of conversion for the remaining 5,110 Restricted Stock Units.
11/05/2024Date of signature on the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.