Allstate Corporation (The) director was just granted 2,961 restricted shares


Herbert L Henkel, a director of Allstate Corporation (The), just received 2,961 restricted shares from the company. The restricted shares don't become available to Henkel until such time as they become vested. Henkel now owns at least 9,163 restricted shares of the company.

Some additional info was provided as follows:

Restricted Stock Units (RSUs) are granted under The Allstate Corporation 2006 Equity Compensation Plan for Non-Employee Directors, as amended and restated. Each RSU represents the right to receive one share of Allstate common stock upon the earlier of the day following (i) the date of the reporting person's death or disability, or (ii) the date on which the reporting person is no longer serving as a director of Allstate. These common share units w ere acquired pursuant to The Allstate Corporation Amended and Restated Deferred Compensation Plan for Non-Employee Directors and represent the director's fees deferred under the Plan and converted into units based on the fair market value of The Allstate Corporation's common shares. The units are credited with amounts representing dividends on common shares, as declared, which are also converted into units. For the period of March 1, 2014 through June 1, 2014, the reporting person acquired 11.257 of common share units representing those dividends. The reporting person previously acquired 8.627 common share units representing dividends paid for the period of December 1, 2013 through March 1, 2014 and not 135.951 common share units as previously footnoted in Form 4 filed on March 4, 2014.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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