Allstate (NYSE: ALL) director Perold converts 1,603 RSUs and receives 917 new units
Rhea-AI Filing Summary
Allstate Corp director Jacques P. Perold reported routine equity compensation activity. He exercised 1,603 previously awarded restricted stock units into an equal number of common shares at no cost under Allstate’s 2017 equity plan, bringing his direct common stock holdings to 2,015 shares. He also received a new grant of 917 restricted stock units that will convert into common stock after a restriction or deferral period. In addition, 35 common shares are reported as held indirectly through a trust.
Positive
- None.
Negative
- None.
Insights
Perold’s Form 4 shows routine equity compensation, not open‑market trading.
The filing describes non-cash movements: conversion of restricted stock units (RSUs) into common shares and a new RSU grant under Allstate’s 2017 equity plan for non-employee directors. No open-market purchases or sales are reported.
Perold exercised 1,603 RSUs into the same number of common shares at a price of $0.00 per share, increasing his direct holdings to 2,015 common shares. A separate award of 917 RSUs adds to his deferred equity, with each RSU representing one future share of common stock.
The RSUs convert into common stock upon specific events described, including the third anniversary of grant or the end of board service. With no remaining derivatives shown in the summary and no share disposals, this filing primarily reflects standard director compensation and equity vesting mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,603 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 917 | $0.00 | -- |
| Exercise | Common Stock | 1,603 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Conversion of previously awarded restricted stock units into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors. Restricted Stock Units (RSUs) granted under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors providing that each RSU represents the right to receive one share of Allstate common stock following either a standard restriction period or a deferred period of restriction if elected. The RSUs reported will convert into common stock upon the earlier of (i) the third anniversary of the date of grant, (ii) the day following the date on which the reporting person's Board service terminates, and (iii) the day following the date of the reporting person's death or disability.