ALL insider Prindiville exercises options at $62.32 and sells shares at ~$205–$208
Rhea-AI Filing Summary
Mark Q. Prindiville, Executive Vice President & Chief Risk Officer of The Allstate Corporation (ALL), reported option exercise and multiple open-market sales on 08/22/2025. He exercised employee stock options to acquire 7,383 shares at an exercise price of $62.32 (options granted 02/11/2019, exercisable through 02/11/2026) and immediately sold a series of shares: 3,019 shares at a weighted average of $205.3347, 1,265 shares at $206.8183, 2,984 shares at $207.3099, and 115 shares at $208.2636. Following these transactions, he beneficially owned 22,274 shares directly and 0 shares indirectly, with an additional 0 shares held indirectly through a 401(k) plan noted as 0. The Form 4 was signed by an attorney-in-fact on 08/26/2025.
Positive
- Exercise of options: Reporting person exercised 7,383 employee stock options at $62.32, converting compensation into shares.
- Full disclosure: Form includes weighted average sale prices and explanatory ranges for open-market sales with offer to provide per-price breakdowns on request.
Negative
- Large immediate dispositions: All 7,383 shares acquired via option exercise were sold in the market on the same date, reducing exposure.
- Reduced direct ownership: Post-transaction direct beneficial ownership declined to 22,274 shares.
Insights
TL;DR Insider exercised options and sold portions of newly acquired shares, leaving a reduced direct holding of 22,274 shares.
The reporting person exercised 7,383 employee stock options at $62.32, and executed multiple open-market sales totaling 7,383 shares on 08/22/2025 at weighted average prices between $205.33 and $208.26. The net effect is the conversion of option holdings into cash via market sales while retaining a direct beneficial position of 22,274 shares. These are routine Section 16 transactions reflecting option exercise and disposition; no additional company financial metrics or forward-looking statements are included in the filing.
TL;DR Transactions appear compliant with Section 16 reporting: exercise, immediate sales, and disclosure of weighted average sale prices and remaining ownership.
The Form 4 discloses exercise of employee stock options and contemporaneous open-market sales with explanatory footnotes providing price ranges. The filing identifies the reporting person and relationship to the issuer (EVP & Chief Risk Officer) and reports post-transaction beneficial ownership. There is no indication in this form of trading pursuant to a 10b5-1 plan or any amendments; the form also notes availability of per-price sale breakdowns upon request, supporting disclosure completeness for these transactions.