Form 4: ASB Executive DeLoye Sells Shares for Tax Obligations
Insider Transaction Report
Associated Banc-Corp Executive Vice President Dennis DeLoye disposed of 706 shares of common stock to cover tax withholding obligations related to restricted stock vesting.
Summary
- Dennis DeLoye, Executive Vice President of Associated Banc-Corp (ASB), disposed of 706 shares of common stock.
- The transaction occurred on February 8, 2026, at a price of $29.37 per share.
- The shares were surrendered to satisfy tax withholding obligations arising from the tranche vesting of time-based restricted stock granted in 2022, 2023, 2024, and 2025.
- Following this transaction, DeLoye beneficially owns 21,322.3 shares of ASB common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation and tax obligations rather than a discretionary sale or purchase.
Positives
- The vesting of restricted stock indicates that previously granted equity awards have matured, reflecting the executive's continued tenure and performance.
Negatives
- The disposition of shares, even for tax purposes, reduces the executive's direct ownership stake in the company.
Industry Context
StockSavvy.ai notes that routine insider transactions, such as share dispositions for tax obligations upon restricted stock vesting, are common occurrences in publicly traded companies and typically do not signal significant shifts in company strategy or executive sentiment. This transaction aligns with standard executive compensation practices involving equity awards.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine administrative transaction related to executive compensation.
- Employees: No direct impact on the broader employee base.
- Management: Reflects the standard process for managing equity compensation and tax liabilities for executives.
Key Dates
| Date | Description |
|---|---|
| 2022 | Grant year for a portion of time-based restricted stock that vested. |
| 2023 | Grant year for a portion of time-based restricted stock that vested. |
| 2024 | Grant year for a portion of time-based restricted stock that vested. |
| 2025 | Grant year for a portion of time-based restricted stock that vested. |
| 02/08/2026 | Date of transaction where shares were disposed of for tax withholding. |
| 02/10/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Associated Banc-Corp, ASB, Dennis DeLoye, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation
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