Form 4: Allstate Executive Suren Gupta Reports Stock Transactions

Suren Gupta, President of Enterprise Solutions at Allstate, reports the conversion of restricted stock units and a disposition of shares to cover tax obligations.

Summary

• On February 21, 2025, Suren Gupta, President of Enterprise Solutions at Allstate, reported transactions involving Allstate common stock.
• Gupta converted 942 Restricted Stock Units (RSUs) into 942 shares of common stock.
• Gupta also disposed of 396 shares of common stock at a price of $185.66 to satisfy tax obligations.
• Following these transactions, Gupta directly owns 93,864 shares of Allstate common stock and indirectly owns 1,311 shares through a 401(k) plan.
• Gupta also directly owns 1,885 Restricted Stock Units (RSUs) that will convert on February 21, 2026 and February 21, 2027.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports required insider trading activity. There is no indication of positive or negative sentiment.

Future Outlook

The remaining RSUs will convert on February 21, 2026 and February 21, 2027.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Allstate and its peers, such as State Farm (privately held, so no direct comparison), Progressive, and Geico (owned by Berkshire Hathaway).
• Executives at comparable companies also regularly report similar transactions related to stock options and restricted stock units.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine and do not represent a significant change in the company's financial position.
• The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates