filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
As of January 31, 2023, there were 59,597 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, 2017 to December 31, 2022) with the cumulative total return of the S&P Property and Casualty Insurance Index (S&P P/C) and the S&P 500 stock index.
| Value at each year-end of $100 initial investment made on December 31, 2017 | ||||||||||||||||||||||||||||||||||||||
| 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | |||||||||||||||||||||||||||||||||
| Allstate | $ | 100.00 | $ | 80.48 | $ | 111.72 | $ | 111.59 | $ | 122.61 | $ | 145.10 | ||||||||||||||||||||||||||
| S&P P/C | $ | 100.00 | $ | 95.31 | $ | 119.96 | $ | 127.56 | $ | 149.89 | $ | 178.18 | ||||||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 95.61 | $ | 125.70 | $ | 148.81 | $ | 191.48 | $ | 156.77 |
2022 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 (2) | Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (3) | ||||||||||||||||||||||
| October 1, 2022 - October 31, 2022 | ||||||||||||||||||||||||||
| Open Market Purchases | 1,645,463 | $ | 128.65 | 1,644,936 | ||||||||||||||||||||||
| November 1, 2022 - November 30, 2022 | ||||||||||||||||||||||||||
| Open Market Purchases | 693,860 | $ | 128.40 | 692,907 | ||||||||||||||||||||||
| December 1, 2022 - December 31, 2022 | ||||||||||||||||||||||||||
| Open Market Purchases | 400,465 | $ | 132.26 | 399,500 | ||||||||||||||||||||||
| Total | 2,739,788 | $ | 129.11 | 2,737,343 | $ | 802 | million |
(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 and/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: 527
November: 953
December: 965
(2)From time to time, repurchases under our programs are executed under the terms of a pre-set trading plan meeting the requirements of Rule 10b5-1(c) of the Securities Exchange Act of 1934.
(3)In August 2021, we announced the approval of a common share repurchase program for $5 billion which is expected to be completed by September 30, 2023. The Inflation Reduction Act, enacted in August 2022, imposes a 1% excise tax on stock repurchases occurring after December 31, 2022. The excise tax on common stock repurchases will be classified as an additional cost of the stock acquired included in treasury stock in shareholders’ equity*.*
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