Allstate (ALL) Director Converts 1,300 RSUs to Shares
Richard T. Hume, a director of The Allstate Corporation (ALL), reported the conversion of 1,300 restricted stock units into 1,300 shares of common stock on 06/01/2025 under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors.
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Rhea-AI Filing Summary
Richard T. Hume, a director of The Allstate Corporation (ALL), reported the conversion of 1,300 restricted stock units into 1,300 shares of common stock on 06/01/2025 under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors. The conversion required no payment ($0) and increased his total beneficial ownership to 3,909 shares. The filing indicates the transaction code M and was signed on behalf of Mr. Hume by Meghan E. Jauhar as attorney-in-fact.
Insights
TL;DR: Routine director equity vesting converted 1,300 RSUs to shares; immaterial to company valuation.
The Form 4 documents a standard equity compensation event where non-employee director restricted stock units vested and converted to common shares at no cash cost. Such conversions are typical under director compensation plans and do not by themselves change enterprise fundamentals or cash flows. The increase to 3,909 shares is small relative to Allstate's market capitalization, so investor impact is negligible.
TL;DR: Standard governance disclosure of vested RSUs becoming shares; supports alignment of director interests with shareholders.
The filing shows compliance with Section 16 reporting for a director-level equity award conversion under the 2017 plan. Converting RSUs to shares without payment is a common mechanism to align directors with shareholder interests. The timely disclosure and use of an attorney-in-fact signature reflect routine governance and administrative practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,300 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,300 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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
FAQ
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What transaction did Richard T. Hume report on Form 4 for ALL?
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Who signed the Form 4 and when?
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