Form 4: ASB Director Greffin Acquires Shares, Phantom Units

Associated Banc-Corp Director Judith P. Greffin reported the acquisition of 4,585 restricted stock units and 46,662 phantom stock units.

Summary

• Director Judith P. Greffin acquired 4,585 shares of Associated Banc-Corp common stock with a par value of $0.01 at a price of $27.26 per share.
• These acquired shares are Restricted Stock Units (RSUs) that will become fully vested on February 1, 2027, the first anniversary of the grant date.
• Greffin also acquired 46,662.003 Phantom Stock Units, which were 100% vested at the time of acquisition.
• Following these transactions, Greffin directly owns 17,431 shares of common stock and 46,662.003 phantom stock units.
• The transactions occurred on February 1, 2026, and the filing was signed on February 3, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. Insider buying generally indicates confidence, but this is a routine grant and acquisition, not a large open-market purchase, hence a moderate score.

Positives

• Director Judith P. Greffin's acquisition of 4,585 Restricted Stock Units and 46,662 Phantom Stock Units demonstrates continued alignment of management interests with those of shareholders.
• The direct investment in the company's equity at a price of $27.26 per share signals confidence in the company's future prospects.

Future Outlook

The 4,585 Restricted Stock Units are scheduled to become fully vested on February 1, 2027. The 46,662.003 Phantom Stock Units, already 100% vested, will remain in the Insider's Stock Plan Services plan until separation and be distributed according to the Insider's election on file.

Industry Context

StockSavvy.ai notes that insider buying, particularly by a director, is often interpreted by the market as a positive signal, indicating management's belief in the company's valuation and future performance. This transaction aligns the director's personal financial interests more closely with those of the company's shareholders.

Related Party Transactions

• Director Judith P. Greffin acquired Restricted Stock Units and Phantom Stock Units from Associated Banc-Corp, representing a transaction between a company insider and the issuer.

Stakeholder Impact

• Shareholders may view the director's increased equity ownership as a positive sign of management's commitment and belief in the company's long-term value.
• Employees, particularly those with similar equity compensation plans, may see this as a standard part of executive compensation.

Next Steps

• The 4,585 Restricted Stock Units will vest on February 1, 2027.
• Phantom Stock Units will be distributed upon the Insider's separation from the company, as per their distribution election.

Key Dates

Recommendation

While insider buying is generally a positive indicator, this Form 4 reports a routine grant of restricted stock units and phantom units rather than a significant open-market purchase. It reinforces alignment between management and shareholders but does not present new fundamental information that would warrant a strong change in investment thesis. A seasoned investor would likely maintain a 'hold' position, monitoring future company performance and broader market conditions.

Keywords

ASB, Associated Banc-Corp, Insider Transaction, Form 4, Director Stock Acquisition, Restricted Stock Units, Phantom Stock Units, Corporate Governance