Form 4: Associated Banc-Corp Director Acquires Phantom Stock Units

Michael J. Haddad, a director at Associated Banc-Corp, acquired 798.008 phantom stock units on January 17, 2025.

Summary

• Michael J. Haddad, a director of Associated Banc-Corp, acquired 798.008 phantom stock units on January 17, 2025.
• These phantom stock units are fully vested at the time of acquisition.
• The units will remain in the Insider's Stock Plan Services plan until separation and be distributed according to the director's distribution election.
• The phantom stock units will remain in the Director's Deferred Compensation Plan until the account balance is distributed based on the director's distribution elections.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is neither positive nor negative. It is a standard disclosure of a director's stock acquisition.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, which is common in the financial services industry. It reflects standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards, such as phantom stock units, to align their interests with shareholders.
• The vesting and distribution terms are typical for deferred compensation plans in the financial sector.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also use similar stock-based compensation for their directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with shareholders.
• This type of compensation is a standard practice and is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

Phantom Stock Units, Director, Stock Acquisition, Deferred Compensation, Insider Trading, Associated Banc-Corp