Rizzo Mario 4

What Happened

• Mario Rizzo, Chief Operating Officer of Allstate (ALL), was granted RSUs on Feb 19, 2026 (16,285 and 3,974 RSUs) and had derivative/RSU conversion activity on Feb 21, 2026. The filing shows conversion/exercise of 1,832 derivative shares and the withholding/disposition of 769 shares to satisfy tax liability (769 shares × $206.37 = $158,699). The grants/conversions were recorded at $0 consideration (typical for RSU conversions/awards).

Key Details

• Transaction dates: Feb 19, 2026 (RSU grants); Feb 21, 2026 (conversion/exercise and tax withholding).
• Prices: RSU grants and conversions recorded at $0; 769 shares withheld at $206.37 each (total $158,699).
• Shares granted on Feb 19: 16,285 RSUs and 3,974 RSUs (total 20,259 RSUs granted).
• Shares converted/exercised on Feb 21: 1,832 derivative shares (per Form 4 entries).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Conversion of previously awarded RSUs into common shares without payment; remaining RSUs to convert on Feb 21, 2027.
  • F2: Option vests in three increments (Feb 19, 2027 / 2028 / 2029).
  • F3: New RSUs granted Feb 19, 2026 will convert in three equal increments on Feb 19 of 2027, 2028 and 2029.
• Filing timing: Form 4 filed Feb 23, 2026 reporting transactions through Feb 21, 2026 (appears timely based on filing date).

Context

• These entries are primarily RSU awards and conversions (an acquisition of shares via compensation), not an open-market purchase. The 769-share disposition is a tax-withholding/surrender commonly used to satisfy tax obligations when RSUs convert — routine and not necessarily a bearish signal.
• For derivative/option items: where shown as “M” (exercise/conversion) the insider converted awards into shares; where shown as “F” the disposition corresponds to payment of tax/exercise obligations (share withholding).