[Form 4] ALLSTATE CORP Insider Trading Activity

Rhea-AI Filing Summary

Allstate Corporation (ALL) reporting person Jesse E. Merten completed equity transactions tied to long‑term awards and an option exercise in early October 2025. On 10/05/2025 538 shares were acquired on conversion of a 2022 performance stock award and 239 shares were withheld to cover tax obligations related to that conversion. Separately, an employee stock option with a $210.82 exercise price was exercised on 10/03/2025 producing 213 underlying shares, and 54 restricted stock units were granted on 10/03/2025 that vest in three equal increments through 10/03/2028. Following these actions, the reporting person beneficially owned 21,526 shares directly and 7,706 shares indirectly via a 401(k) plan.

Positive

• 538 shares acquired from conversion of a 2022 performance stock award, increasing direct holdings
• 54 RSUs granted on 10/03/2025 with multi‑year vesting through 10/03/2028, aligning executive incentives
• 213 shares obtained via option exercise, converting long‑dated compensation into common stock

Negative

• 239 shares were withheld to satisfy tax withholding on conversion, reducing net share increase
• Option exercise occurred at a $210.82 strike price which required cash or tax withholding to complete

Insights

Corporate Governance Analyst

Insider exercised options and converted performance shares; new RSUs grant creates multi‑year vesting.

The reporting person converted a 2022 performance stock award into 538 shares and received a grant of 54 RSUs on 10/03/2025, which vest in three equal tranches through 10/03/2028. The reporting person also exercised an employee stock option at a $210.82 strike resulting in 213 shares added to direct holdings.

These transactions are typical compensation realizations and ongoing incentive alignment. Monitor annual equity vesting schedules and future tax withholding events for marginal ownership changes over the next 10/03/2026 to 10/03/2028.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Merten Jesse E

(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)
			PresPersonalProperty-Liability

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

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	10/05/2025		A		538(1)	A	$0	21,526	D
Common Stock	10/05/2025		F		239(2)	D	$210.82	21,287	D
Common Stock								7,706	I	By 401(k) Plan

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
Employee Stock Option (Right to Buy)	$210.82	10/03/2025		A		213		(3)	10/03/2035	Common Stock	213	$0	213	D
Restricted Stock Units	(4)	10/03/2025		A		54		(4)	10/03/2028	Common Stock	54	$0	54	D

Explanation of Responses:

1. Shares acquired upon conversion of 2022 performance stock award, pursuant to The Allstate Corporation 2019 Equity Incentive Plan.

2. Shares withheld to satisfy tax withholding obligations incident to the conversion of performance stock award.

3. Option exercisable in three increments, with one third vesting on October 3, 2026, October 3, 2027, and October 3, 2028, with any fractional shares to be rounded as provided for in award agreement.

4. Award of Restricted Stock Units (RSUs) granted on October 3, 2025, under The Allstate Corporation 2019 Equity Incentive Plan. Each RSU represents the right to receive, without payment of any consideration, one share of Allstate common stock on the conversion date, with any fractional RSU to be rounded as provided for in award agreement. The RSUs will convert in three equal increments on October 3, 2026, October 3, 2027, and October 3, 2028.

	/s/ Meghan E. Jauhar, attorney-in-fact for Jesse E. Merten	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jesse E. Merten report on Form 4 for Allstate (ALL)?

Reported conversion of a 2022 performance award into 538 shares, withholding of 239 shares for taxes, exercise of an option for 213 shares at $210.82, and a grant of 54 RSUs on 10/03/2025.

How many Allstate shares does Jesse E. Merten beneficially own after the transactions?

Following the reported transactions, beneficial ownership is 21,526 shares directly and 7,706 shares indirectly via a 401(k) plan.

When do the newly granted RSUs vest?

The 54 RSUs granted on 10/03/2025 convert in three equal increments on 10/03/2026, 10/03/2027, and 10/03/2028.

What was the exercise price for the employee stock option exercised?

The option was exercisable at a $210.82 exercise price and was exercised on 10/03/2025 resulting in 213 shares.

Were any shares sold in these transactions?

No outright sales were reported; 239 shares were withheld to satisfy tax withholding obligations related to the conversion of the performance award.