Margaret M. Keane
ALLSTATEAbout 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 .