Jeevanjee Zulfikar 4

What Happened
Zulfikar Jeevanjee, EVP & CTO of Allstate Corporation, had 565 previously awarded restricted stock units (RSUs) convert into 565 common shares on February 24, 2026. To cover tax withholding on the conversion, 249 of those shares were surrendered/withheld at an implied value of $209.82 per share, netting $52,245. The filing also shows an administrative derivative entry related to the RSU conversion.

Key Details

• Transaction date: February 24, 2026.
• Conversion: 565 RSUs → 565 common shares (transaction code M, $0 exercise price).
• Tax withholding: 249 shares disposed (transaction code F) at $209.82/share = $52,245 withheld.
• Net shares retained from this vesting: 316 shares (565 converted − 249 withheld).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: The conversion was pursuant to The Allstate Corporation 2019 Equity Incentive Plan; remaining RSUs will convert on Feb 24, 2027 and Feb 24, 2028.
• Filing status: no late filing indicated in the provided details.

Context
This was a routine RSU vesting with shares withheld to satisfy tax obligations (a cashless or share-withholding settlement), not an open-market sale or purchase. Such withholding is administrative and common when equity awards vest; it does not necessarily signal the insider’s view on the stock. Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).