Ferren Eric K 4

What Happened

• Eric K. Ferren, Senior VP, Controller and CAO of Allstate Corporation (ALL), had a tranche of RSUs convert into common shares on June 5, 2026. The filing shows 245 shares acquired through conversion of RSUs at $0 per share.
• To satisfy tax withholding on the conversion, 72 shares were surrendered (disposed) at an indicated value of $221.01 per share, totaling approximately $15,913.
• The filing also records a related derivative disposition of 245 shares tied to the RSU conversion (see Key Details for footnote).

Key Details

• Transaction date: 2026-06-05; Filing date: 2026-06-08 (timely Form 4 filing).
• Reported transactions:
  • M (exercise/conversion of derivative): 245 shares acquired @ $0.00 (conversion of RSUs).
  • F (payment of exercise price or tax liability): 72 shares disposed @ $221.01 = $15,913 (tax withholding).
  • M (derivative disposition): 245 shares disposed @ $0.00 (related to conversion).
• Footnote: F1 states these shares are conversions of previously awarded Restricted Stock Units (RSUs) into an equal number of common shares under The Allstate Corporation 2019 Equity Incentive Plan; remaining RSUs will convert on June 5, 2027.
• Shares owned after the reported transactions are not specified in the provided filing excerpt.

Context

• This was an RSU vesting/conversion event, not an open-market purchase or opportunistic sale. The 72-share disposition reflects standard tax withholding (common when RSUs vest) rather than an explicit market sale to realize gains.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = shares withheld/disposed to cover tax liability. These kinds of transactions generally reflect routine compensation settlement, not necessarily a signal of insider sentiment.