Form 4: ASB CFO's Stock Sale for Tax Obligations

Associated Banc-Corp's CFO, Derek S. Meyer, disposed of 5,883 shares of common stock to cover tax withholding obligations related to a restricted stock vesting.

Summary

• Derek S. Meyer, Executive Vice President and Chief Financial Officer of ASSOCIATED BANC-CORP (ASB), reported a transaction on August 4, 2025.
• The transaction involved the disposition of 5,883 shares of Common Stock with a $0.01 Par Value.
• The shares were disposed of at a price of $24.09 per share.
• This disposition was to satisfy tax withholding obligations arising from the vesting of restricted stock, specifically the 3rd tranche of a sign-on bonus.
• Following this transaction, Derek S. Meyer beneficially owns 51,161.379 shares of Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes upon restricted stock vesting, which is a neutral event regarding company performance or outlook.

Positives

• The vesting of restricted stock indicates the fulfillment of compensation agreements, which is a positive for the executive.

Negatives

• A reduction in the insider's direct shareholding occurred, though it was for routine tax purposes.

Future Outlook

N/A

Industry Context

This is a routine insider transaction for tax purposes, common across all industries when restricted stock vests as part of executive compensation.

Comparison to Industry Standards

• The disposition of shares to cover tax withholding obligations upon restricted stock vesting is a standard practice for executive compensation across publicly traded companies, including those in the financial sector.
• This transaction is comparable to similar tax-related share dispositions by executives at peer institutions.

Stakeholder Impact

• Minimal direct impact on shareholders, as this is a routine tax-related transaction for executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by an executive to cover tax obligations upon restricted stock vesting. Such transactions are common and do not typically reflect a change in the company's fundamental performance or outlook, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Associated Banc-Corp, ASB, Form 4, insider transaction, stock disposition, tax withholding, restricted stock, executive compensation, Derek S. Meyer