Allstate (NYSE: ALL) director adds shares via RSU vesting and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allstate director Richard T. Hume increased his equity stake through routine stock compensation events. He exercised 1,603 previously awarded restricted stock units, receiving an equal number of Allstate common shares without paying any exercise price. Following this conversion, he directly holds 5,512 common shares.
On the same date, he also received a new grant of 917 restricted stock units under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors. These units each represent the right to receive one share of common stock after a standard or deferred restriction period tied to his Board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,603 shares exercised/converted
Mixed
3 txns
Insider
HUME RICHARD T
Role
null
| 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 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 5,512 shares (Direct, null)
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.
Key Figures
RSUs exercised: 1,603 units
Common shares held after: 5,512 shares
New RSU grant: 917 units
+1 more
4 metrics
RSUs exercised
1,603 units
Converted into 1,603 Allstate common shares
Common shares held after
5,512 shares
Direct ownership after RSU conversion
New RSU grant
917 units
Granted under 2017 Equity Compensation Plan
Underlying shares for new RSUs
917 common shares
Each RSU represents one Allstate common share
Key Terms
Restricted Stock Units, Equity Compensation Plan, Non-Employee Directors
3 terms
Restricted Stock Units financial
"Restricted Stock Units (RSUs) granted under The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Compensation Plan financial
"Conversion of previously awarded restricted stock units... pursuant to The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors."
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
Non-Employee Directors financial
"The Allstate Corporation 2017 Equity Compensation Plan for Non-Employee Directors providing that each RSU represents the right to receive one share..."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
FAQ
What insider transactions did Allstate (ALL) director Richard T. Hume report?
Richard T. Hume reported routine stock compensation transactions. He converted 1,603 restricted stock units into 1,603 Allstate common shares and received a new grant of 917 restricted stock units under Allstate’s 2017 Equity Compensation Plan for Non-Employee Directors.
What new restricted stock units did Allstate (ALL) grant to Richard T. Hume?
Allstate granted Richard T. Hume 917 restricted stock units under its 2017 Equity Compensation Plan for Non-Employee Directors. Each unit entitles him to one common share after a standard or elected deferred restriction period tied to his Board service or certain termination events.