Monica J. Turner

About Monica J. Turner

Monica J. Turner (age 59) is an independent director of The Allstate Corporation, serving since 2023 (2 years of tenure as of the 2025 proxy). She is President, North America at The Procter & Gamble Company, and brings deep operating experience in consumer products, innovation, technology-enabled transformation, and human capital leadership. Turner sits on Allstate’s Audit Committee and the Nominating, Governance and Social Responsibility Committee, and recorded 100% attendance at Board/committee meetings in 2024. She serves on no other public company boards.

Past Roles

Organization	Role	Tenure (years)	Committees/Impact
The Procter & Gamble Company	President, North America	Not disclosed	Leads largest region; digitized supply chain; uses data/tech to understand consumer needs; extensive regulatory oversight
The Procter & Gamble Company	President, North America Sales; SVP, Market Strategy & Planning (Beauty, Health & Grooming)	Not disclosed	Succession planning and performance goal-setting for large, complex orgs; inclusion initiatives

External Roles

Organization	Role	Public Board?	Notes
The Procter & Gamble Company	President, North America	No	Oversees operations across sales offices, technical centers, plants and mixing centers; partners with multiple government agencies on regulatory compliance
Other public company boards	—	—	None

Board Governance

Independence: The Board determined all nominees other than the CEO are independent; Turner is an independent director. Audit, Compensation and Human Capital, Nominating, Governance and Social Responsibility, and Risk and Return Committees are fully independent.
Committees: Audit Committee member (8 meetings in 2024); not designated an “audit committee financial expert.” Nominating, Governance and Social Responsibility Committee member (5 meetings in 2024).
Attendance and engagement: 100% attendance at Board/committee meetings in 2024; directors meet in executive session without management at every regular Board and committee meeting.
Years of service: 2 years (Director since 2023).
Other governance: Board retirement age generally 72 (non‑employee directors). Limits on outside boards: active executives may serve on no more than two outside public company boards; others no more than four.

Fixed Compensation (Non‑Employee Director)

Year	Cash Retainer ($)	Committee/Chair Fees ($)	Total Cash ($)	Equity Grant ($)	Total ($)
2024	125,000	0	125,000	175,058	300,058
2025 (program levels)	135,000	Not disclosed	135,000	190,000	325,000 (if no additional roles)

Notes:

2024 equity granted as RSUs under a fixed‑value formula; grant date fair value based on the 6/1/2024 closing price of $167.52 (includes dividend equivalent rights).
The Board approved raising the annual cash retainer from $125,000 to $135,000 and the annual equity retainer from $175,000 to $190,000 beginning in 2025.

Performance Compensation (Director Equity)

Element	2024 Design	Vesting/Conversion	Other Terms
Annual RSU grant	Fixed value $175,000 (rounded shares using 6/1/2024 close $167.52)	RSUs granted on/after 6/1/2016 convert into common stock on the earlier of the 3rd anniversary of grant or termination of Board service; deferral election available	Dividend equivalent rights attached; aggregate equity comp per director capped at $800,000 per calendar year

No director performance metrics apply; director equity is time‑based to align interests with shareholders.

Other Directorships & Interlocks

Company	Role	Committee Roles	Interlocks/Transactions
—	—	—	No other public company directorships; no related person transactions identified since the beginning of 2024

Expertise & Qualifications

Innovation and customer focus from leading P&G’s largest region, serving ~370 million consumers across the U.S., Canada and Puerto Rico.
Accounting and finance oversight from leadership of several P&G business units.
Human capital and succession planning for large organizations; recognized inclusion leader.
Government, public policy and regulatory affairs through responsibility for wide‑ranging operations and compliance; partnerships with government agencies.
Technology/cyber: delivered transformational results via supply chain digitization and data/technology to understand consumer needs.

Equity Ownership

Holding	Quantity (#)	Value ($) at 12/31/2024 close $192.79	Ownership Guideline Status	Notes
Restricted Stock Units (unvested)	3,104	598,420	Director guideline: 6× cash retainer; Turner joined in 2023 and is within 5‑year compliance window; not yet met	RSUs count toward guideline
Shares owned outright	Not disclosed	—	—	—
Pledged/Hedged	Not disclosed	—	Company prohibits hedging/pledging of Allstate securities (policy)	Policy reference

Governance Assessment

Strengths
- Independent, fully engaged director with 100% attendance and service on two core governance committees (audit; nominating/governance).
- Brings complementary operating and transformation expertise (consumer insights, technology‑enabled operations, regulatory acumen) that aligns with Allstate’s focus on customer value, analytics, and technology.
- Compensation alignment: standard director pay mix (cash retainer + time‑based RSUs) with clear vesting and ownership guidelines; RSUs provide long‑term alignment; dividend equivalents paid.
- No other public boards (reduced overboarding risk); Board limits on outside boards for active executives are observed.
- No related person transactions identified since 2024 (low conflict signal).
Watch‑items
- Not designated an Audit Committee Financial Expert; however, committee retains multiple financial experts and independent cybersecurity advisor; Turner contributes operating and risk oversight.
- Ownership guideline not yet met (acceptable given 2023 start and 5‑year window).
RED FLAGS
- None disclosed: no related‑party transactions, no attendance issues, no hedging/pledging permitted by company policy, and standard director equity without performance award repricing or special tax gross‑ups.