Form 4: Allstate EVP Jesse E. Merten Reports Stock Transactions

Jesse E. Merten, EVP & Chief Financial Officer of Allstate Corp, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On February 21, 2025, Jesse E. Merten, EVP & Chief Financial Officer of Allstate Corp, reported transactions involving Allstate's common stock and restricted stock units (RSUs).
• Merten acquired 1,507 shares of common stock upon conversion of RSUs at a price of $0.
• He also disposed of 668 shares of common stock at a price of $185.66.
• Following these transactions, Merten directly owns 20,988 shares of common stock and indirectly owns 7,504 shares through a 401(k) plan.
• He also directly owns 3,016 restricted stock units which will convert on February 21, 2026 and February 21, 2027.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions, and doesn't inherently indicate positive or negative sentiment. It's a neutral event in terms of investment sentiment.

Future Outlook

The remaining RSUs will convert on February 21, 2026 and February 21, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the executive's stake in the company.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• Form 4 filings are standard practice for reporting changes in beneficial ownership, ensuring transparency and compliance with SEC regulations.
• The Allstate Corporation 2019 Equity Incentive Plan is a common method for granting equity-based compensation to employees.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.
• The transactions have a minimal impact on employees, customers, suppliers, and creditors.

Key Dates