Allstate (ALL) EVP & CTO Zulfikar Jeevanjee Receives Award; Shares Withheld

What Happened

• Zulfikar Jeevanjee, EVP & CTO of Allstate Corporation, had 483 shares issued to him on 2026-09-06 upon conversion of a performance stock award (acquired at $0.00). On the same date, 213 of those shares were withheld/disposed to satisfy tax withholding obligations at $259.57 per share (disposition value reported as ~$55,288). This was not an open-market sale but a tax withholding associated with award conversion.

Key Details

• Transaction dates and prices:
  • 2026-09-06: 483 shares acquired at $0.00 (conversion of performance stock award).
  • 2026-09-06: 213 shares withheld/disposed at $259.57 per share (total ≈ $55,288) to cover taxes.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Shares acquired upon conversion of a performance stock award granted 9/6/2023 under The Allstate Corporation 2019 Equity Incentive Plan.
  • F2: 213 shares were withheld to satisfy tax withholding obligations incident to that conversion.
• Filing timeliness: Form filed 2026-09-08 for transactions on 2026-09-06 — appears timely (within the typical two-business-day Form 4 filing window).

Context

• This filing reflects the vesting/conversion of a prior performance award and routine tax withholding, not an opportunistic open-market sale or purchase. Withheld shares used to meet tax obligations are common and generally not interpreted as a directional signal about the insider’s view of the stock.