ALL insider filing: 224 Options at $210.82 and 57 RSUs to COO
Rhea-AI Filing Summary
Mario Rizzo, listed as Chief Operating Officer-AIC of The Allstate Corporation (ALL), reported changes in his beneficial ownership on 10/03/2025 via a Form 4. The filing shows 199 shares acquired upon conversion of a 2022 performance stock award and 89 shares withheld for tax obligations, leaving 68,814 shares reported as directly beneficially owned after the transactions. The report also discloses 1,662 shares held indirectly through a 401(k) plan. In derivative holdings, 224 employee stock options were reported as acquired with an exercise price of $210.82 and an expiration in 2035, and 57 restricted stock units (RSUs) were granted that convert in three equal increments on 10/03/2026, 10/03/2027, and 10/03/2028. The Form is signed by an attorney-in-fact on 10/07/2025.
Positive
- Conversion of performance award yielded 199 shares, increasing direct alignment with shareholders
- Grant of 57 RSUs with three-year staggered conversion supports executive retention through 2028
- Disclosure of indirect holdings via a 401(k) plan (1,662 shares) improves ownership transparency
Negative
- 89 shares withheld to satisfy tax obligations reduced the net direct share increase
- Option strike price of $210.82 may limit immediate intrinsic value until market price exceeds strike
Insights
TL;DR: The filing documents routine equity compensation conversion and new grants tied to retention.
The conversion of a 2022 performance stock award into 199 shares and the grant of 57 RSUs reflect compensation actions that increase long-term equity alignment between the executive and shareholders. The RSUs vest in three equal tranches on 10/03/2026, 10/03/2027, and 10/03/2028, which staggers potential dilution and ties payout to future service.
Dependencies and risks include the exercise economics of the 224 employee stock options with a $210.82 strike and the timing of vesting; these affect when intrinsic value may be realized and potential tax events. Watch the vesting dates across 2026-2028 for when additional shares may enter the market and for any subsequent tax-withholding actions.
TL;DR: Transactions are reported under Section 16 and appear procedural; filings are complete and signed by attorney-in-fact.
The Form 4 records both direct and indirect holdings, including 1,662 indirect shares via a 401(k) plan, which clarifies the reporting of different ownership forms. The withholding of 89 shares to cover taxes is a typical administrative step when awards convert to stock.
For investors and compliance monitors, verify that future filings reflect the stated vesting schedule and any exercises or sales; the form was signed on 10/07/2025, satisfying signature requirements for timely reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 199 | $0.00 | -- |
| Tax Withholding | Common Stock | 89 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 224 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 57 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares acquired upon conversion of 2022 performance stock award, pursuant to The Allstate Corporation 2019 Equity Incentive Plan. Shares withheld to satisfy tax withholding obligations incident to the conversion of performance stock award. 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. 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.
