Jeevanjee Zulfikar 4

What Happened
Jeevanjee Zulfikar, EVP & CTO (AIC) of Allstate Corporation, had restricted-equity awards convert and received new equity grants. On Feb 21, 2026, 754 derivative units were converted into common shares (no cash paid). To satisfy tax withholding, 333 shares were surrendered at $206.37 each, generating $68,721 in withholding. On Feb 19, 2026, Jeevanjee also received new equity awards totaling 9,935 derivative units (7,986 + 1,949) as grants under Allstate’s 2019 Equity Incentive Plan.

Key Details

• Transaction dates: Grants dated Feb 19, 2026; conversions/settlement and tax withholding dated Feb 21, 2026. Filing date: Feb 23, 2026.
• Reported prices/values: Tax withholding 333 shares × $206.37 = $68,721. Conversions/grants were recorded at $0 (derivative awards/RSUs).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Conversion of previously awarded RSUs into common shares without payment; remaining RSUs convert Feb 21, 2027.
  • F2: An option award vests in three annual increments (Feb 19, 2027–2029).
  • F3: RSUs granted Feb 19, 2026 will convert in three equal increments on Feb 19 of 2027–2029.
• Filing timeliness: Filed Feb 23 covering activity through Feb 21; appears to be timely (filed within days of the transactions).

Context
These records reflect typical equity compensation activity: RSU/derivative awards converting into shares and a portion of shares surrendered to cover tax withholding. The new RSU/option grants are time‑based awards that vest in future years (2027–2029), so they do not represent an immediate cash purchase or sale of stock by the insider. The only cash-equivalent amount reported here is the tax withholding of ~$68.7K.