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

Director Michael J. Haddad acquired phantom stock units in Associated Banc-Corp through the Directors' Deferred Compensation Plan.

Summary

• On April 18, 2024, Michael J. Haddad, a director of Associated Banc-Corp, acquired phantom stock units under the Directors' Deferred Compensation Plan.
• The transaction involved the acquisition of 1,000.53 phantom stock units at a price of $19.989 per unit.
• Following the transaction, Haddad directly owns 46,365.872 shares of Associated Banc-Corp common stock and 1,000.53 phantom stock units.
• The phantom stock units are 100% vested and will remain in the Director's Deferred Compensation Plan until distribution according to the insider's elections.

Sentiment

Score: 7

Explanation: Neutral sentiment as it reflects a standard director compensation transaction. The director's investment in phantom stock units is a positive sign, but it's not a major event.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Industry Context

Directors often receive stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages vary widely across the financial services industry.
• Companies like JPMorgan Chase, Bank of America, and Citigroup also utilize stock options and restricted stock units as part of their director compensation plans.
• The specific terms and amounts depend on factors such as company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates