filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
5K characters. Original on sec.gov ·
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
As of January 29, 2021, there were 64,567 holders of record of The Allstate Corporation’s common stock. The principal market for the common stock is the New York Stock Exchange, where our common stock trades under the trading symbol “ALL”. Our common stock is also listed on the Chicago Stock Exchange.
Common stock performance graph
The following performance graph compares the cumulative total shareholder return on Allstate common stock for a five-year period (December 31, 2015 to December 31, 2020) with the cumulative total return of the S&P Property and Casualty Insurance Index (S&P P/C) and the S&P’s 500 stock index.
| Value at each year-end of $100 initial investment made on December 31, 2015 | ||||||||||||||||||||||||||||||||||||||
| 12/31/2015 | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |||||||||||||||||||||||||||||||||
| Allstate | $ | 100.00 | $ | 121.71 | $ | 174.80 | $ | 140.67 | $ | 195.28 | $ | 195.05 | ||||||||||||||||||||||||||
| S&P P/C | $ | 100.00 | $ | 115.71 | $ | 141.61 | $ | 134.96 | $ | 169.88 | $ | 180.63 | ||||||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 111.95 | $ | 136.38 | $ | 130.39 | $ | 171.44 | $ | 202.96 |
The Allstate Corporation 31
2020 Form 10-K
Issuer Purchases of Equity Securities
| Period | Total number of shares (or units) purchased (1) | Average price paid per share (or unit) | Total number of shares (or units) purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (3) | ||||||||||||||||||||||
| October 1, 2020 - October 31, 2020 | ||||||||||||||||||||||||||
| Open Market Purchases | 288 | $ | 93.02 | — | ||||||||||||||||||||||
| November 1, 2020 - November 30, 2020 | ||||||||||||||||||||||||||
| Open Market Purchases | 703 | $ | 90.90 | — | ||||||||||||||||||||||
| December 1, 2020 - December 31, 2020 | ||||||||||||||||||||||||||
| Open Market Purchases | 162 | $ | 104.36 | — | ||||||||||||||||||||||
| Total (2) | 1,153 | $ | 93.32 | — | $ | 1.56 | billion |
(1)In accordance with the terms of its equity compensation plans, Allstate acquired the following shares in connection with the vesting of restricted stock units and performance stock awards and the exercise of stock options held by employees or directors. The shares were acquired in satisfaction of withholding taxes due upon exercise or vesting and in payment of the exercise price of the options.
October: 288
November: 703
December: 162
(2)On September 18, 2020, Allstate entered into an accelerated share repurchase agreement (“ASR agreement”) with Goldman Sachs & Co. LLC (“Goldman Sachs”), to purchase $750 million of our outstanding shares of common stock. In exchange for an upfront payment of $750 million, Goldman Sachs initially delivered 7.0 million shares to Allstate. The ASR agreement settled on January 12, 2021, and we repurchased a total of 7.8 million shares at an average price of $96.21.
(3)In February 2020, we announced the approval of a common share repurchase program for $3 billion that is expected to be completed by the end of 2021.
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