Merten Jesse E, the Executive Vice President and Chief Financial Officer of Allstate Corporation (ALL), has been a consistent seller of company stock over the past year, according to SEC Form 4 filings. Across 41 transactions, all involving ALL, Merten has disposed of shares worth approximately $17.7 million, with zero open-market purchases recorded. The most recent activity, clustered on February 25, 2026, shows four separate open-market sales totaling roughly $7.1 million, with individual transactions ranging from about $274,000 to $3.3 million. These sales were paired with option exercises (coded M) valued at approximately $4.5 million on the same date, a pattern that typically allows an executive to acquire shares at a strike price and immediately sell them at market value.
The broader filing history reinforces a clear selling bias, though much of it is tied to routine compensation mechanics rather than discretionary trades. The record includes numerous grants (coded A) with no dollar value, as well as shares withheld to cover tax obligations (coded F), such as a $1.3 million withholding on February 13, 2026, and smaller amounts in late 2025. The only transactions that reflect an executive's direct market decision—open-market sales—are uniformly on the sell side, with no corresponding purchases. This directional skew, concentrated in a single ticker and spanning multiple quarters, indicates that Merten has consistently monetized equity compensation rather than accumulating additional ALL shares. The February 2026 cluster, in particular, represents a significant liquidation event, with the four sales exceeding the value of any single prior transaction in the filing history.
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