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

Robert A. Jeffe, a director at Associated Banc-Corp, acquired 947.635 phantom stock units on January 17, 2025.

Summary

• Robert A. Jeffe, a director of Associated Banc-Corp, acquired 947.635 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 elections.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. There are no negative implications.

Positives

• The acquisition of phantom stock units indicates continued alignment of the director's interests with the company's performance.
• The 100% vesting of the units suggests immediate value and commitment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company securities. It reflects routine compensation practices for directors.

Comparison to Industry Standards

• The use of phantom stock units is a common practice in the financial industry for compensating directors and executives.
• Many financial institutions use similar deferred compensation plans to align the interests of management with long-term shareholder value.
• The vesting schedule of 100% at acquisition is not unusual, but can vary across different companies and plans.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be seen positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

phantom stock units, director, insider trading, stock plan, deferred compensation, Associated Banc-Corp, ASB