Form 4: Allstate Executive Suren Gupta Converts RSUs

Allstate's President of Enterprise Solutions, Suren Gupta, converted Restricted Stock Units into common shares and subsequently disposed of a portion for tax withholding.

Summary

• Suren Gupta, President, Enterprise Solutions, converted 13,898 Restricted Stock Units (RSUs) into an equal number of Allstate Corporation common shares on September 6, 2025.
• This conversion was executed without payment, pursuant to The Allstate Corporation 2019 Equity Incentive Plan.
• Concurrently, 6,157 common shares were disposed of at a price of $201.53 per share to cover tax withholding obligations related to the RSU conversion.
• Following these transactions, Gupta directly beneficially owns 101,031 shares of Common Stock.
• Indirect beneficial ownership includes 1,330 shares via a 401(k) Plan and 7 shares via VVG Holdings LLC.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is routine for executive compensation, indicating vesting of long-term incentives. The disposition is for tax purposes, not a discretionary sale, and the executive retains a significant stake.

Positives

• Conversion of Restricted Stock Units (RSUs) into common shares indicates the vesting of previously awarded equity compensation, reflecting the executive's continued long-term incentive alignment with shareholder interests.
• The executive's direct beneficial ownership remains substantial at 101,031 shares, demonstrating a significant personal stake in the company's performance.

Negatives

• The disposition of 6,157 shares, while for tax withholding purposes, represents a reduction in the executive's direct shareholding.

Future Outlook

This filing, a Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to executive compensation. It does not provide broader industry trends or competitive insights. Such transactions are common across all industries for executives receiving equity-based compensation.

Comparison to Industry Standards

• This is a standard RSU vesting and tax withholding transaction, common for executives in publicly traded companies across various sectors, including insurance. There are no specific comparable companies or projects mentioned in the filing to detail.

Stakeholder Impact

• Shareholders: The executive's continued significant shareholding aligns their interests with long-term shareholder value. The transaction itself is a routine part of executive compensation and does not indicate a change in company strategy or performance.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of Restricted Stock Units and a subsequent tax-related share disposition. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The executive retains a substantial stake, which is a positive for alignment, but the transaction itself is not a catalyst for a 'buy' or 'sell' decision.

Keywords

Allstate Corporation, ALL, Suren Gupta, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Equity Compensation, Share Ownership, Executive Compensation