Margaret M. Keane
Director at ALL
Board
About Margaret M. Keane
Margaret M. Keane is an independent director of The Allstate Corporation, age 65, serving since 2018 (7 years of tenure) . She is CEO of Cisive Inc., and previously served as Executive Chair, CEO and President of Synchrony Financial and as President and CEO of GE Capital Retail Finance . She maintained 100% attendance at Board and committee meetings in the most recent year .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Synchrony Financial | Executive Chair; CEO; President | Not disclosed | Led digital transformation leveraging AI/ML and data analytics to improve underwriting; extensive risk and return management experience |
| GE Capital Retail Finance | President and CEO | Not disclosed | Financial services operating leadership; technology transformation and underwriting analytics expertise |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cisive Inc. | Chief Executive Officer | Not disclosed | Oversees employee background screening and compliance services; technology and risk management experience |
| Tenable Holdings, Inc. | Director | 2023–present | Cybersecurity domain oversight; complements technology/cyber expertise |
Board Governance
- Independence: Independent director (one of 12 independent nominees out of 13) .
- Board service: Director since 2018 (7 years) .
- Attendance: 100% at Board/committee meetings .
- Committee memberships:
- Compensation and Human Capital Committee (member; 8 meetings in 2024) .
- Compensation governance:
- The Compensation and Human Capital Committee uses an independent consultant (Pay Governance) and reviews clawback policies and multi-metric alignment for executives; committee annually evaluates consultant independence .
- Risk oversight context: Board and committees oversee ERRM across financial, operational, technology/cybersecurity and human capital dimensions; CHCC reviews succession and human capital risks annually .
Fixed Compensation
| Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) | Notes |
|---|---|---|---|---|
| 2024 | 125,000 | 175,058 | 300,058 | Keane elected to receive 100% of her retainer in the form of Allstate common stock, increasing alignment |
- RSU grant mechanics: Non-employee directors are granted RSUs annually on June 1 equal to $175,000 divided by the closing price on grant date (rounded up). The 2024 grant used a $167.52 closing price .
- RSU conversion schedule: RSUs granted on/after June 1, 2016 convert into common stock on the earlier of the third anniversary of grant or termination of Board service; conversions may be deferred for 10 years, and also convert upon death or disability .
Performance Compensation
- Non-employee director compensation consists of cash retainer and time-based RSUs; no performance-based metrics are tied to director compensation .
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict Notes |
|---|---|---|
| Tenable Holdings, Inc. | Director (2023–present) | Allstate’s Audit Committee oversees cybersecurity and engages an independent cybersecurity advisor, providing governance oversight of cyber risks; no related-person transactions identified since the beginning of 2024 . |
| Cisive Inc. | CEO | Private company providing background screening; Allstate disclosed no related-person transactions since the beginning of 2024 . |
Expertise & Qualifications
- Financial Services: Extensive operational and strategic experience as CEO of two financial services companies .
- Technology/Cybersecurity: Led Synchrony’s digital transformation; use of AI, machine learning and data analytics to improve underwriting .
- Risk Management: In-depth experience managing risk and return as a financial services CEO .
- Succession & Human Capital: Significant experience in developing succession planning and performance goals .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Common shares beneficially owned | 14,376 | As of March 1, 2025; none pledged as security . |
| Options exercisable | 0 | — |
| RSUs outstanding | 3,948 | RSUs convert per schedule; see Fixed Compensation . |
| Total stock-based ownership | 18,324 | Sum of common stock and RSUs; percent of class: less than 1% . |
| RSU value (12/31/24) | $761,135 | Based on $192.79 closing price on 12/31/24 . |
| Ownership multiple | 28.0× annual cash retainer (including shares held outright) | Indicates strong alignment with shareholders . |
Governance Assessment
- Board effectiveness/engagement: 100% attendance and active role on the Compensation and Human Capital Committee (8 meetings), aligning with Allstate’s focus on leadership development and succession planning .
- Independence and conflicts: Independent status; no related-person transactions since 2024; no pledging of shares—reduces conflict and alignment risks .
- Compensation alignment: Elected to receive full cash retainer in stock; holds RSUs with multi-year conversion—both support long-term alignment with shareholders .
- Committee quality signals: Use of independent compensation consultant (Pay Governance) and multi-metric executive incentive design overseen by CHCC; committee’s compensation risk assessment indicates programs are not reasonably likely to have a material adverse effect or incentivize excessive risk .
- RED FLAGS: None disclosed regarding related-party transactions, pledging/hedging, attendance shortfalls, or pay anomalies; continue monitoring potential time-commitment risks from external CEO role and cybersecurity interlocks via Tenable, noting current absence of related-party exposure .