Carter Andrea M 4
Research Summary
AI-generated summary
Allstate (ALL) EVP Andrea M. Carter Converts 4,025 RSUs; 1,654 Withheld
What Happened Andrea M. Carter, Executive Vice President and Chief Human Resources Officer of Allstate Corporation (ALL), had 4,025 previously awarded restricted stock units (RSUs) convert into 4,025 common shares on June 4, 2026. To cover tax withholding, 1,654 of those shares were surrendered at a per-share value of $210.84, totaling $348,729. The RSU conversion required no cash payment by the insider; net shares received = 2,371 (4,025 converted − 1,654 withheld).
Key Details
- Transaction date: June 4, 2026; Form filed: June 8, 2026 (filed within required reporting timeframe).
- Conversion: 4,025 RSUs → 4,025 common shares (transaction code M = conversion/exercise of derivative).
- Tax withholding: 1,654 shares withheld/disposed at $210.84 per share, total ≈ $348,729 (transaction code F = tax withholding/payment).
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs converted pursuant to The Allstate Corporation 2019 Equity Incentive Plan; remaining RSUs for this award will convert on June 4, 2027 and June 4, 2028.
Context This was a routine RSU vest/conversion (not an open-market purchase or an opportunistic sale). The only shares disposed were withheld to satisfy tax obligations — a common cashless settlement method. Such conversions typically reflect compensation vesting rather than a directional bet by the insider.