Gupta Suren 4

What Happened

• Suren Gupta, President, Enterprise Solutions at Allstate (ALL), had 14,638 shares issued on conversion of a 2023 performance stock award (reported as acquired at $0.00). To cover tax withholding on the award, 6,485 shares were surrendered/withheld at $207.51 each, a tax payment of $1,345,702 (reported as a disposition).
• This was a conversion/award event, not an open-market purchase or discretionary sale; shares withheld for taxes are a routine administrative step.

Key Details

• Transaction date: 2026-02-13. Filing date: 2026-02-18 (filed late relative to the 2‑business‑day Form 4 deadline).
• Awarded/Acquired: 14,638 shares @ $0.00 (conversion of 2023 performance stock award).
• Withheld/Disposed for taxes: 6,485 shares @ $207.51 = $1,345,702 (code F).
• Shares owned after transaction: Not specified in the filed Form 4.
• Footnotes from the filing:
  • F1: Shares acquired upon 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.
• Timeliness: Filing was submitted 5 days after the transaction date (late filing). Late Form 4s can result in SEC notice or fines and reduce transparency for investors.

Context

• This was a stock award conversion (not a market buy or sell). The withholding of shares to cover taxes is common and does not necessarily indicate the insider is selling for investment reasons.
• Code F on the Form 4 denotes shares withheld/used to satisfy tax obligations related to the award. Purchases by insiders tend to be more informative about sentiment; this report documents compensation-related issuance and routine tax withholding.