Allstate CEO Thomas J Wilson Plans To Sell 43,077 Shares From Option Exercise
The shares carry a stated aggregate market value of $11.2 million, with Fidelity Brokerage Services handling the proposed sale.
Thomas J Wilson, chairman, president and CEO of Allstate, which sells mainly auto and homeowners insurance, plans to sell 43,077 shares with a stated aggregate market value of $11.2 million. Wilson submitted the notice of a planned sale to the SEC Friday.
Fidelity To Handle The Sale
Fidelity Brokerage Services would handle the proposed transaction in Allstate common stock. The notice puts the approximate sale date on Friday.
Wilson obtained the shares by exercising stock options and paid cash for that exercise, according to the notice.
Allstate's Personal Insurance Business
Allstate's coverage also includes renters, condominium and boat insurance, alongside other personal policies and some commercial auto insurance. Customers can buy through exclusive or independent agents, contact centers and online under brands including Allstate, National General, Direct Auto and Answer Financial.
The company also offers consumer product protection plans, roadside assistance, identity protection and driving-data services based on telematics.
The $11.2 million figure is the stated market value of the shares proposed for sale, rather than proceeds from a completed transaction.
Sources
- Form 144 — Thomas J Wilson (ALL) — SEC EDGAR
- Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus — Yahoo Finance
