Looks like Thomas Wilson has been accused of insider trading before:
https://www.google.com/amp/s/www.courthousenews.com/class-accuses-allstate-ceo-of-insider-trading/
7 replies (most recent on top)
Not illegal but unethical as Hell and dirty pool. Just what I would expect from those people.
The timing of the stocks sold in 2019 by TW were at the onset of Transformation Growth and BEFORE the 2020 HR Town Hall and 2020 Town Hall on 6/11. Why is the SEC not looking this?
Im jumping ship too. Sold all my Allstate stock, there are better things out there
This is fishy. In May, Tom Wilson sold over 1/3 of his shares. He sold $66,148,585 worth, leaving 935,322 shares worth $94,766,825 at that time. Now worth 7% less. Shapiro sold over half of his shares in early June for $1,518,604. This is his typical pattern it seems. He's selling his shares about as soon as he can claim the capital gain rate on the gain. Guess he doesn't think ALL is a good investment. There's a director Judith Sprieser who sold all of her shares in June. Looks like they are jumping ship, $ wise.
Interesting insider trading can be found at gurufocus.com/Allstate then click on Insider trading. Look at the timing and number of stocks sold by Tom, Glen, and Mario. Not sure how this is legal?
I didn’t
The murderer of Sears. That is all that needs to be said.