Allstate 2014 Annual Report Download - page 37

9MAR201204034531
15MAR201510310846
Proposal 2 — Say-on-Pay
Say-on-Pay: Advisory Vote on the Executive Compensation of the Named Executives
• Strong oversight by compensation and succession
committee.
• Excellent 2014 business results.
• Pay for performance alignment.
We conduct a say-on-pay vote every year at the RESOLVED, on an advisory basis, the stockholders of
annual meeting. This say-on-pay vote is required by The Allstate Corporation approve the compensation of
Section 14A of the Securities Exchange Act of 1934. the named executives, as disclosed pursuant to the
While the say-on-pay vote is non-binding, the Board compensation disclosure rules of the Securities and
and the compensation and succession committee (the Exchange Commission, including the Compensation
‘‘committee’’ as referenced throughout Compensation Discussion and Analysis and accompanying tables and
Discussion and Analysis and Executive Compensation narrative on pages 28-63 of the Notice of 2015
sections) consider the voting results as part of their Annual Meeting and Proxy Statement.
annual evaluation of our executive compensation Please read the following Executive Compensation
program. section for information necessary to inform your vote
You may vote to approve or not approve the following on this proposal.
advisory resolution on the executive compensation of
the named executives:
Total stockholder return in 2014 of 30.9% resulting in three- and five-year returns of 171.0% and
161.2%, respectively, outperforming our property and casualty and life insurance peers.
The annual incentive compensation plan was funded at 118.9% of target in 2014. Based on company
and individual performance, the named executives received the following annual incentive payments,
which were significantly lower than the prior two years’ awards:
Mr. Wilson 6,164,730 6,600,000 4,073,075
Mr. Shebik 1,175,994 2,100,000 883,619
Mr. Civgin 2,000,000 2,000,000 1,000,000
Ms. Greffin 1,700,000 1,400,000 1,000,000
Mr. Winter 3,000,000 3,000,000 1,500,000
The lower payouts were primarily attributable to the rigorous performance ranges set for the 2014
annual incentive performance measures.
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PROXY STATEMENT
2012 Annual 2013 Annual 2014 Annual
Named Incentive Incentive Incentive
Executive ($) ($) ($)
The Allstate Corporation
The Board of Directors
recommends that you vote for
the resolution to approve the
compensation of the named
executives.
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