Rizzo Mario 4

What Happened Mario Rizzo, Chief Operating Officer of Allstate Corporation (ALL), had 1,271 previously awarded restricted stock units (RSUs) convert into an equal number of common shares on February 24, 2026. No cash was paid to receive these shares. To satisfy tax withholding requirements, 534 of the newly issued shares were surrendered at a per-share value of $209.82, totaling $112,044. After withholding, Rizzo retained a net of 737 shares from this conversion.

Key Details

• Transaction date: February 24, 2026 (Form filed February 26, 2026).
• Conversion: 1,271 RSUs converted into 1,271 common shares (code M; conversion at $0.00).
• Tax withholding/disposition: 534 shares withheld/surrendered at $209.82 each, total $112,044 (code F).
• Net shares retained from this event: 737 shares (1,271 converted less 534 withheld).
• Footnote: Conversion occurred under The Allstate Corporation 2019 Equity Incentive Plan; remaining RSU tranches will convert on Feb 24, 2027 and Feb 24, 2028.
• Filing timeliness: Form filed two days after the transaction date; filing did not indicate a late-report flag in the provided data.

Context This was not an open-market buy or sale for investment purposes but a routine compensation event: RSUs converting to common stock with a portion withheld to cover tax liabilities (a common cashless withholding). Such tax-withholding dispositions are standard after equity awards and do not necessarily signal the insider’s view on the company’s prospects.