Form 4: Allstate Executive Robert Toohey Reports Stock Transactions
SEC Form 4 Filing
Robert Toohey, EVP and Chief HR Officer at Allstate, reports the conversion of restricted stock units and the disposition of shares to cover tax obligations.
Summary
- Robert Toohey, an executive at Allstate Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On April 5, 2024, Toohey converted 2,429 restricted stock units into an equal number of common shares.
- Also on April 5, 2024, Toohey disposed of 640 common shares at a price of $172.82 to satisfy tax obligations.
- Following these transactions, Toohey directly owns 1,789 common shares and 2,429 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation, with no indication of unusual or concerning activity.
Future Outlook
The remaining restricted stock units will convert on April 5, 2025.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Conversion of 2,429 restricted stock units into common shares and disposition of 640 common shares for tax obligations. |
| 04/05/2025 | Remaining restricted stock units will convert. |
| 04/09/2024 | Date of signature on the Form 4 filing. |
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