Form 4: Associated Banc-Corp CEO Andrew Harmening Sells Shares to Cover Tax Obligations

Andrew Harmening, President & CEO of Associated Banc-Corp, disposed of shares to cover tax withholding obligations arising from the vesting of shares granted as part of his sign-on grant.

Summary

• On April 26, 2024, Andrew J. Harmening, the President & CEO of Associated Banc-Corp, disposed of 39,840 shares of common stock at a price of $21.57 per share.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of shares granted as part of his sign-on grant.
• Following the transaction, Harmening directly owns 252,650 shares of Associated Banc-Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. This particular transaction appears to be related to tax obligations, which is a common reason for insider selling.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates