Gupta Suren 4

What Happened

• Suren Gupta, President, Enterprise Solutions at Allstate (ALL), had 680 Restricted Stock Units (RSUs convert) vest and convert into 680 common shares on 2026-02-24. To satisfy tax withholding, 286 of those shares were disposed (sold) at $209.82 per share, generating approximately $60,009. The conversion was recorded as a derivative exercise (code M) and the withholding/sale as tax payment (code F). Net shares retained from this conversion: 394 (680 converted minus 286 withheld).

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (timely — within the usual two-business-day Form 4 window).
• Conversion: 680 RSUs converted to 680 common shares (code M) at $0.00 per share (no cash paid).
• Tax withholding/sale: 286 shares disposed at $209.82 each for total proceeds of ~$60,009 (code F).
• Net change: +394 shares retained from this vesting event (680 − 286).
• Footnote: Conversion under The Allstate Corporation 2019 Equity Incentive Plan; remaining RSUs from the award will convert on Feb 24, 2027 and Feb 24, 2028.
• Shares owned after the transaction: not specified in this filing.

Context

• This was a vesting/conversion of previously awarded RSUs with a cashless tax withholding—common for executive equity awards and not an independent open-market buy/sell decision. Such tax-withholding disposals are routine and do not necessarily signal the insider’s market view.