Merten Jesse E 4

What Happened
Jesse E. Merten, President, Personal Property–Liability at Allstate (ALL), received 15,809 shares on Feb 13, 2026 upon conversion of a 2023 performance stock award under The Allstate Corporation 2019 Equity Incentive Plan. Of those shares, 6,302 were withheld to satisfy tax withholding obligations; the withheld shares were reported as disposed at $207.51 per share for a withholding value of $1,307,728. The award shares were recorded at $0.00 acquisition price (typical for performance-vesting stock conversions).

Key Details

• Transaction date: 2026-02-13 (conversion/award and subsequent withholding reported).
• Award: 15,809 shares acquired (code A) at $0.00 (conversion of performance stock award).
• Withholding: 6,302 shares withheld (code F) at $207.51 per share = $1,307,728 withheld to cover taxes.
• Footnotes: F1 — shares from conversion of 2023 performance stock award under 2019 Equity Incentive Plan; F2 — shares withheld to satisfy tax withholding.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing: Report filed 2026-02-18 for a 2026-02-13 transaction; filing falls within the SEC’s 2-business-day window when accounting for the Presidents’ Day holiday, so appears timely.

Context
This was not an open-market sale or purchase but the conversion of a performance-based equity award; withholding of shares for taxes is a routine administrative action and does not by itself indicate a change in insider sentiment. For derivative/award transactions like this, the key items are the number of shares vested/converted and any shares withheld for taxes rather than cash proceeds from a public sale.