Form 4: Allstate Executive Suren Gupta Reports Stock Gifts and Ownership Updates
Insider Transaction Report
Allstate Corporation's President of Enterprise Solutions, Suren Gupta, disclosed recent gifts of common stock and updates to his beneficial ownership, including shares held directly and indirectly through an LLC and 401(k) plan.
Summary
- Suren Gupta, President, Enterprise Solutions at The Allstate Corporation, filed a Form 4 to report changes in his beneficial ownership.
- On June 21, 2022, Gupta disposed of 514 shares of Common Stock via gift (transaction code G) at a price of $0.
- On September 20, 2024, Gupta disposed of 53 shares of Common Stock via gift (transaction code G) at a price of $0.
- A transfer of 60 shares to VVG Holdings LLC occurred on December 27, 2021, which were previously held directly by Gupta.
- Following the reported transactions, Gupta beneficially owns 81,696 shares directly as of July 15, 2025.
- Gupta also indirectly owns 7 shares through VVG Holdings LLC and 1,324 shares through a 401(k) Plan.
- VVG Holdings LLC is an entity where Gupta is a managing member, and its membership interests are jointly owned by him and his wife.
Sentiment
Score: 5
Explanation: Neutral. A Form 4 filing is a factual disclosure of insider stock transactions and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. The transactions reported are gifts, which are personal financial planning actions rather than market sales.
Future Outlook
No forward-looking statements or guidance are provided.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency on changes in their beneficial ownership. It does not reflect broader industry trends but rather individual executive stock transactions.
Comparison to Industry Standards
- Form 4 filings are standard regulatory disclosures across all publicly traded companies in the U.S.
- This specific filing adheres to the reporting requirements for insider transactions, similar to how executives at companies like Travelers (TRV) or Progressive (PGR) would report their stock ownership changes.
Related Party Transactions
- Transfer of 60 shares to VVG Holdings LLC, an entity where the reporting person is a managing member and membership interests are jointly owned by the reporting person and his wife.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency into an executive's stock ownership and transactions, which can inform investment decisions.
- It has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2021-12-27 | Transfer of 60 shares to VVG Holdings LLC. |
| 2022-06-21 | Disposition of 514 shares of Common Stock by gift. |
| 2024-09-20 | Disposition of 53 shares of Common Stock by gift. |
| 2025-07-15 | Date as of which the direct beneficial ownership balance of 81,696 shares is reflected. |
| 2025-07-16 | Signature date of the filing by attorney-in-fact. |
Keywords
Allstate Corporation, ALL, Suren Gupta, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Gifts, Executive Compensation, Corporate Governance
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