Allstate (NYSE: ALL) executive converts RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Allstate Corporation executive Zulfikar Jeevanjee reported equity award activity. On February 24, 2026, he converted 565 previously granted Restricted Stock Units into the same number of Allstate common shares at no cost under the 2019 Equity Incentive Plan. To cover tax obligations, 249 common shares were withheld at a price of $209.82 per share. After these transactions, he directly held 16,101 common shares and 1,130 RSUs. The remaining RSUs are scheduled to convert on February 24, 2027 and February 24, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jeevanjee Zulfikar

(Last) (First) (Middle)

C/O THE ALLSTATE CORPORATION

3100 SANDERS ROAD

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALLSTATE CORP [ ALL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			EVP & CTO - AIC

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2026		M		565	A	$0(1)	16,350	D
Common Stock	02/24/2026		F		249	D	$209.82	16,101	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/24/2026		M			565	(1)	02/24/2028	Common Stock	565	$0	1,130	D

Explanation of Responses:

1. Conversion of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares, without the payment of any consideration, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. The remaining RSUs will convert on February 24, 2027 and February 24, 2028.

	/s/ Meghan E. Jauhar, attorney-in-fact for Zulfikar Jeevanjee	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Allstate (ALL) executive Zulfikar Jeevanjee report?

Zulfikar Jeevanjee reported converting 565 Restricted Stock Units into 565 Allstate common shares. This was done at no cost under The Allstate Corporation 2019 Equity Incentive Plan as part of his existing equity compensation, not an open-market stock purchase.

How many Allstate (ALL) shares were withheld for taxes in this Form 4?

A total of 249 Allstate common shares were withheld to satisfy tax liabilities. The withholding occurred at a price of $209.82 per share and is classified as a tax-withholding disposition, rather than a discretionary sale into the open market by the executive.

How many Allstate (ALL) shares and RSUs does the executive hold after the transaction?

Following the reported transactions, Zulfikar Jeevanjee directly held 16,101 Allstate common shares and 1,130 Restricted Stock Units. These holdings reflect both the RSU conversion into common stock and the 249-share tax withholding reported in the Form 4 filing.

When will the remaining Allstate (ALL) Restricted Stock Units convert into shares?

The remaining Restricted Stock Units are scheduled to convert into Allstate common shares on February 24, 2027 and February 24, 2028. These future conversions are part of the vesting schedule under The Allstate Corporation 2019 Equity Incentive Plan.

What is the nature of the RSU transaction reported for Allstate (ALL)?

The RSU transaction is an exercise or conversion of previously awarded Restricted Stock Units into common shares, without any cash consideration. It reflects the vesting of equity compensation granted earlier, rather than a new purchase in the open market by the executive.

Does the Allstate (ALL) Form 4 show a net insider buy or sell?

The Form 4 shows RSU conversion and tax withholding, resulting in both acquisition and disposition. There is no open-market buy or sell; instead, shares were acquired through vesting and a portion was withheld to cover associated tax obligations for the executive.