Form 4: ASB Exec DeLoye Receives Restricted Stock Grant

Associated Banc-Corp Executive Vice President Dennis DeLoye was granted 2,193 shares of restricted common stock valued at $27.26 per share, vesting annually starting February 2027.

Summary

• Executive Vice President Dennis DeLoye of Associated Banc-Corp (ASB) acquired 2,193 shares of common stock.
• The transaction occurred on February 1, 2026, with a price of $27.26 per share.
• These shares represent Time-Based Restricted Stock Units (TRSUs) granted in 2026.
• The TRSUs will vest in four equal annual installments, with the first vesting date on February 8, 2027.
• Following this transaction, DeLoye beneficially owns 22,028.3 shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, as it signifies continued executive alignment with shareholder interests through equity compensation, a standard practice.

Positives

• The grant of restricted stock aligns the executive's interests with those of shareholders, incentivizing long-term performance.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent acquisition.

Negatives

• No direct negatives are apparent from this specific filing, as it details a standard executive compensation grant.

Future Outlook

The restricted stock units are scheduled to vest in four equal annual installments, beginning on February 8, 2027, indicating a future commitment and incentive structure for the executive.

Industry Context

StockSavvy.ai notes that grants of restricted stock units are a common form of executive compensation in the banking and financial services industry, designed to retain key talent and align executive incentives with long-term shareholder value creation. This practice is standard across publicly traded financial institutions.

Comparison to Industry Standards

• Grants of time-based restricted stock units with multi-year vesting schedules are a standard compensation practice for executive officers in the U.S. financial sector.
• Similar structures are observed at regional banks like Zions Bancorporation (ZION) or Comerica Incorporated (CMA), where executive equity awards typically vest over 3-5 years to ensure long-term commitment and performance alignment.
• The specific grant size for Dennis DeLoye is commensurate with his role as Executive Vice President at a bank of Associated Banc-Corp's size.

Related Party Transactions

• This filing details an insider transaction (executive acquiring company stock), which is a form of related party dealing, but it is a standard compensation event rather than a complex related party transaction involving separate entities.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the executive's long-term interests with shareholders, potentially leading to improved long-term performance.
• Employees: This filing specifically relates to executive compensation and does not directly impact the broader employee base.

Next Steps

• The restricted stock units will begin vesting in four equal annual installments starting on February 8, 2027.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (restricted stock grant) and does not provide new information that would fundamentally alter the investment thesis for Associated Banc-Corp. It reinforces executive alignment but does not indicate a significant change in company prospects or valuation.

Keywords

Associated Banc-Corp, ASB, Dennis DeLoye, Form 4, Restricted Stock Units, TRSUs, Insider Transaction, Executive Compensation, Equity Grant, Rule 10b5-1