Merten Jesse E 4

What Happened

• Jesse E. Merten, President — Personal Property & Liability at Allstate, had RSU activity and a small share disposition to satisfy tax withholding. On Feb 19, 2026 he received RSU awards (14,520 and 3,543 RSUs). On Feb 21, 2026 a conversion/exercise event resulted in 1,508 shares from previously awarded RSUs being converted to common stock. As part of the tax withholding on that conversion, 669 shares were surrendered/sold at $206.37 each, totaling about $138,062.

Key Details

• Transaction dates: Feb 19, 2026 (RSU awards); Feb 21, 2026 (conversion/exercise and tax withholding sale).
• Shares and prices reported: 669 shares disposed at $206.37 each = $138,062 (tax withholding). Conversion/exercise entries show 1,508 shares (acquired and reported as derivative conversion at $0.00).
• Post-transaction holdings: The Form 4 does not list total shares owned after these transactions in the provided summary.
• Footnotes of note:
  • F1: Conversion of previously awarded RSUs into common shares; remaining RSUs from that award will convert on Feb 21, 2027.
  • F3: The 14,520 and 3,543 RSUs were granted on Feb 19, 2026 and will convert in three equal increments on Feb 19 of 2027, 2028 and 2029.
  • F2 describes an option schedule (vests in three annual increments) referenced in the filing.
• Filing timeliness: Form filed Feb 23, 2026 covering Feb 19 and Feb 21 transactions — appears timely (filed the next business day after Feb 21).

Context

• These entries are mostly awards/conversions and a tax-withholding sale. RSUs convert to actual shares without a cash purchase; companies commonly withhold or sell a portion of shares to cover taxes, which is routine and not necessarily a market sentiment signal.
• Transaction codes: A = award/grant, M = exercise/conversion of derivative (RSU/option), F = payment of exercise price or tax withholding (shares surrendered/sold to cover taxes).