DeBiase Christine M. 4
Research Summary
AI-generated summary
Allstate (ALL) GC Christine DeBiase Receives Award; Shares Withheld
What Happened
- Christine M. DeBiase, Executive Vice President, Chief Litigation Counsel and General Counsel at Allstate (ALL), had 11,624 shares issued on Feb 13, 2026 upon conversion of a 2023 performance stock award (acquired at $0). To cover tax withholding on the conversion, 5,554 shares were surrendered/disposed at $207.51 each, generating proceeds of $1,152,511.
Key Details
- Transaction dates: Feb 13, 2026 (award conversion and shares withheld for tax).
- Prices and values: Award conversion price $0 per share (award acquisition); 5,554 shares withheld/disposed at $207.51 each = $1,152,511.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — shares acquired on conversion of 2023 performance stock award under The Allstate Corporation 2019 Equity Incentive Plan. F2 — shares were withheld to satisfy tax withholding obligations incident to the conversion.
- Filing timing: Form filed Feb 18, 2026 for a Feb 13 transaction (filed 5 days later); this appears later than the standard two-business-day Form 4 deadline.
Context
- This was an award conversion and routine tax withholding, not an open-market purchase or a discretionary sale. Shares withheld to satisfy taxes are common in equity award conversions and typically reflect tax obligations rather than a sale intended to take profits.