Allstate (ALL) EVP Mark Prindiville nets shares from award, sells for taxes
Rhea-AI Filing Summary
ALLSTATE CORP executive Mark Q. Prindiville reported equity compensation activity involving company common stock. He acquired 7,233 shares at no cost through the conversion of a 2023 performance stock award under The Allstate Corporation 2019 Equity Incentive Plan. To cover related tax withholding obligations, 2,513 shares were disposed of at a price of $207.51 per share. After these transactions, he directly owned 26,994 common shares, a net increase of 4,720 shares.
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FAQ
What insider transactions did ALL (Allstate) executive Mark Prindiville report?
Mark Q. Prindiville reported one acquisition and one disposition of Allstate common stock. He acquired 7,233 shares via a converted 2023 performance stock award and disposed of 2,513 shares to satisfy tax withholding obligations tied to that award.
How many Allstate (ALL) shares did Mark Prindiville acquire and at what cost?
He acquired 7,233 Allstate common shares at a price of $0.00 per share. These shares came from the conversion of a 2023 performance stock award under The Allstate Corporation 2019 Equity Incentive Plan.
Why were some Allstate (ALL) shares disposed of in Mark Prindiville’s Form 4?
Prindiville disposed of 2,513 Allstate shares at $207.51 per share. According to the disclosure, these shares were withheld solely to satisfy tax withholding obligations related to the conversion of his 2023 performance stock award.
What is Mark Prindiville’s Allstate (ALL) share ownership after these transactions?
After the reported transactions, Mark Q. Prindiville directly owned 26,994 Allstate common shares. This reflects both the 7,233 shares received from the performance stock conversion and the 2,513 shares withheld to cover associated tax obligations.
What equity plan governed Mark Prindiville’s Allstate (ALL) stock award conversion?
The stock acquired by Mark Q. Prindiville was issued under The Allstate Corporation 2019 Equity Incentive Plan. His 2023 performance stock award converted into 7,233 common shares, triggering both the share acquisition and related tax-withholding disposition.