Allstate 2015 Annual Report Download - page 34

28 www.allstate.com
EXECUTIVE COMPENSATION
Say-on-Pay: Advisory Vote on the Executive Compensation of the Named Executives
The Board recommends that you vote FOR the resolution to approve the
compensation of the named executives.
• Strong oversight by compensation and succession committee.
• Compensation programs are working effectively. Annual incentive compensation
funding for 2015 declined to 80.8% of target, from 118.9% of target in the prior year,
reflecting lower auto insurance profitability given an industry-wide increase in the
frequency of auto accidents.
We conduct a say-on-pay vote every year at the
annual meeting. This say-on-pay vote is required
by Section 14A of the Securities Exchange Act of
1934. While the vote is non-binding, the Board
and the compensation and succession committee
(the “committee” as referenced throughout the
Compensation Discussion and Analysis and
Executive Compensation sections) consider the
voting results as part of their annual evaluation of
our executive compensation program.
You may vote to approve or not approve the
following advisory resolution on the executive
compensation of the named executives:
RESOLVED, on an advisory basis, the stockholders of
The Allstate Corporation approve the compensation
of the named executives, as disclosed pursuant
to the compensation disclosure rules of the
Securities and Exchange Commission, including
the Compensation Discussion and Analysis and
accompanying tables and narrative on pages 29-64
of the Notice of 2016 Annual Meeting and Proxy
Statement.
Please read the following Executive Compensation
section prior to voting on this proposal.
Allstate faced a challenging operating environment for auto insurance in 2015, which impacted
2015 performance and led to lower payouts under Allstate’s annual incentive plan. Total 2015
compensation, as disclosed in the Summary Compensation Table, for the CEO decreased 11% year
over year.
The annual incentive compensation plan was funded at 80.8% of target in 2015. Based on company
and individual performance, the named executives received the following annual incentive payments,
which for the most part were significantly lower than the prior two years’ awards:
Named Executive
2013 Annual
Incentive
($)
2014 Annual
Incentive
($)
2015 Annual
Incentive(1)
($)
Mr. Wilson 6,600,000 4,073,075 2,888,136
Mr. Shebik 2,100,000 883,619 850,000
Mr. Civgin 2,000,000 1,000,000 768,629
Ms. Greffin 1,400,000 1,000,000 500,000
Mr. Winter 3,000,000 1,500,000 1,600,000
(1) Mr. Winter’s annual incentive target increased in 2015 from 150% of salary to 225% of salary due to his
promotion to President.
PROPOSAL
2