[Form 4] ALLSTATE CORP Insider Trading Activity

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

Executive Compensation Analyst

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.

Corporate Governance Specialist

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.

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
Estimated average burden
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^*

Rizzo Mario

(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)
			Chief Operating Officer-AIC

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		199(1)	A	$0	68,903	D
Common Stock	10/05/2025		F		89(2)	D	$0	68,814	D
Common Stock								1,662	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		224		(3)	10/03/2035	Common Stock	224	$0	224	D
Restricted Stock Units	(4)	10/03/2025		A		57		(4)	10/03/2028	Common Stock	57	$0	57	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 Mario Rizzo	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 transactions did Mario Rizzo report on Form 4 for ALL?

The filing reports conversion of a 2022 performance stock award into 199 shares, 89 shares withheld for taxes, grant of 57 RSUs, and acquisition of 224 employee stock options with a $210.82 exercise price.

How many Allstate (ALL) shares does Mario Rizzo beneficially own after the reported transactions?

The Form shows 68,814 shares directly beneficially owned following the transactions and an additional 1,662 shares indirectly owned through a 401(k) plan.

When do the RSUs granted to Mario Rizzo vest?

The 57 RSUs convert in three equal increments on 10/03/2026, 10/03/2027, and 10/03/2028.

What are the terms of the reported employee stock options?

The filing reports 224 employee stock options with an exercise price of $210.82 and an expiration in 2035; vesting occurs in three increments as described in the award agreement.

Who signed the Form 4 for Mario Rizzo and when?

The Form 4 was signed by Meghan E. Jauhar, attorney-in-fact for Mario Rizzo on 10/07/2025.