4/A: Allstate Executive Mark Q. Prindiville Amends Form 4 to Correct Stock Option and RSU Grant Numbers

Mark Q. Prindiville, EVP & Chief Risk Officer AIC at Allstate, files an amended Form 4 to correct the number of stock options and restricted stock units (RSUs) granted on February 21, 2024.

Summary

• Mark Q. Prindiville, an executive at Allstate, filed an amended Form 4 with the SEC.
• The amendment corrects a calculation error in the original Form 4 filed on February 23, 2024.
• The error pertained to the number of stock options and restricted stock units (RSUs) granted to Prindiville on February 21, 2024.
• The amended form accurately reports the grant of 6,892 employee stock options and 1,712 restricted stock units.
• The stock options have an exercise price of $159.17 and vest in three equal installments starting February 21, 2025.
• The RSUs will convert into shares of Allstate common stock in three equal installments starting February 21, 2025.

Sentiment

Score: 7

Explanation: The document is a routine correction of an SEC filing related to executive compensation. While not inherently positive or negative, the correction ensures transparency and accuracy, which is generally viewed favorably.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance, only the vesting schedule of the options and RSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to key executives.

Stakeholder Impact

• Shareholders benefit from accurate reporting of executive compensation.
• Employees, particularly the executive in question, are directly impacted by the corrected grant information.

Key Dates