Jeevanjee Zulfikar 4

What Happened

• Zulfikar Jeevanjee, Executive Vice President & Chief Technology Officer of Allstate (ALL), received 7,577 shares on 2026-02-13 upon conversion of a 2023 performance stock award. The award shares were reported at $0 acquisition price.
• To satisfy tax withholding related to the conversion, 2,644 shares were withheld/disposed at $207.51 per share, totaling $548,656.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed 5 days after the transaction; exceeds the typical SEC Form 4 deadline of 2 business days).
• Award: 7,577 shares acquired (code A); source: conversion of 2023 performance stock award under The Allstate Corporation 2019 Equity Incentive Plan (footnote F1).
• Tax withholding: 2,644 shares withheld/disposed to satisfy tax obligations (code F) at $207.51/share, $548,656 total (footnote F2).
• Shares owned after the transaction: not specified in the provided filing details.
• No 10b5-1 plan, open-market sale, or gift was reported — this was an award conversion with tax withholding.

Context

• This was not a cash purchase or open-market sale by the insider; it reflects conversion of a prior performance award into stock. Withholding shares to cover taxes is a common, routine administrative step and does not necessarily signal a change in the insider’s view of the company.
• For retail investors: award grants increase reported insider holdings on paper (gross), but net new shares received can be lower after withholding.