Form 4: Allstate Executive Converts Restricted Stock Units, Disposes Shares for Tax Withholding

Allstate Corporation's SVP, Controller, and CAO, Eric K. Ferren, converted 245 Restricted Stock Units into common shares and simultaneously disposed of 72 shares to cover tax obligations.

Summary

• Eric K. Ferren, SVP, Controller, and CAO of The Allstate Corporation, converted 245 Restricted Stock Units (RSUs) into an equal number of common shares on June 5, 2025.
• This conversion was executed without payment of consideration, as per The Allstate Corporation 2019 Equity Incentive Plan.
• Concurrently, Mr. Ferren disposed of 72 common shares at a price of $206.65 per share to satisfy tax withholding obligations related to the RSU conversion.
• Following these transactions, Mr. Ferren directly beneficially owns 173 common shares and 4,318 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the conversion of Restricted Stock Units and subsequent share disposition for tax purposes, which is a neutral event and does not indicate significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The conversion of Restricted Stock Units into common shares indicates the vesting of previously awarded equity compensation, aligning executive interests with shareholder value.

Negatives

• The disposition of 72 common shares was solely for tax withholding purposes, which is a routine event and not indicative of a negative outlook on the company.

Future Outlook

The filing indicates that remaining Restricted Stock Units held by Eric K. Ferren are scheduled to convert into common shares on June 5, 2026, and June 5, 2027, as part of the company's equity incentive plan.

Industry Context

This Form 4 filing represents a routine insider transaction related to equity compensation, common across publicly traded companies, particularly in the insurance sector like Allstate, where executive compensation often includes performance-based equity awards.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine equity compensation event and has minimal direct impact on existing shareholders, as it represents a small, pre-planned change in insider holdings.
• Employees: Reflects the standard operation of the company's equity incentive plan for executives.

Next Steps

• Remaining Restricted Stock Units held by Eric K. Ferren are scheduled to convert into common shares on June 5, 2026.
• Further remaining Restricted Stock Units are scheduled to convert into common shares on June 5, 2027.

Key Dates

Keywords

Allstate Corporation, ALL, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Equity Compensation, Tax Withholding, Eric K. Ferren