Form 4: ASB Executive Zandpour Files Routine Tax-Related Share Disposal

An Associated Banc-Corp executive disposed of shares to cover tax obligations related to vested restricted stock, a common and non-discretionary transaction.

Summary

• Steven S. Zandpour, Executive Vice President of Associated Banc-Corp (ASB), reported a transaction involving the disposal of company common stock.
• On February 8, 2026, Zandpour surrendered 968 shares of Common Stock, $0.01 Par Value, at a price of $29.37 per share.
• This transaction was executed to satisfy tax withholding obligations arising from the tranche vesting of time-based restricted stock granted in 2024 and 2025.
• Following this transaction, Zandpour beneficially owns 18,029.3211 shares of Associated Banc-Corp common stock.
• The transaction is categorized under Code 'F', indicating payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes related to vested equity, and does not reflect a discretionary sale or a change in management's outlook on the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that tax withholding on vested restricted stock is a routine and non-discretionary event for executives receiving equity compensation. This type of transaction is common across all industries, particularly in financial services where equity awards are a significant component of executive pay.

Comparison to Industry Standards

• This transaction is a standard practice for executives in publicly traded companies across various sectors, including banking, to cover tax liabilities upon the vesting of restricted stock units (RSUs) or similar equity awards.
• The mechanism of surrendering shares to satisfy tax obligations is a widely accepted and efficient method, consistent with compensation practices at peer institutions within the financial industry.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale that would signal a change in insider sentiment.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Associated Banc-Corp, ASB, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Executive Compensation, Common Stock