Form 4: Associated Banc-Corp CEO Andrew Harmening Receives Stock Grant

Associated Banc-Corp CEO Andrew Harmening was granted 28,305 shares of time-based restricted stock.

Summary

• Andrew J. Harmening, the President and CEO of Associated Banc-Corp, received a grant of 28,305 shares of time-based restricted stock on January 29, 2025.
• These shares will vest in four equal annual installments, starting on February 8, 2026.
• Following this transaction, Mr. Harmening beneficially owns 280,955 shares of Associated Banc-Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management with shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock aligns the CEO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CEO.

Industry Context

This type of stock grant is a common practice for executive compensation in the financial services industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a standard component of executive compensation packages in the banking industry.
• The vesting schedule of four years is also typical for such grants, aligning with long-term performance goals.
• Comparable companies such as First Midwest Bancorp and Old National Bancorp also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The stock grant aligns the CEO's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the CEO's continued commitment to the company.

Key Dates

Keywords

stock grant, restricted stock, insider trading, beneficial ownership, executive compensation, form 4, Associated Banc-Corp, Andrew Harmening