Allstate 2011 Annual Report Download - page 36
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stock price appreciation in 2009. Stock options granted in 2008 are significantly out-of-the-money reflecting
the decline in share price following the financial market meltdown in late 2008 and early 2009.
●The absolute level of equity awards as a percentage of salary was unchanged for the named executive
officers over the 2009-2010 period.
The Board believes these results warrant approval of this advisory resolution on the compensation of the
named executive officers. Although this advisory vote is non-binding, the Board and the Compensation and
Succession Committee will carefully review and consider the voting results when evaluating our executive
compensation program.
The Board of Directors recommends that stockholders vote for the resolution to approve the
compensation of the named executive officers.
26
Proxy Statement