Form 4: Associated Banc-Corp Director Haddad Increases Stake Through Dividend Reinvestment

Director Michael J. Haddad increased his holdings in Associated Banc-Corp (ASB) through dividend reinvestment and dividend equivalent units.

Summary

• On March 15, 2024, Michael J. Haddad, a director of Associated Banc-Corp, acquired additional shares of common stock through a dividend reinvestment transaction, purchasing 39.531 shares at $20.8603 per share.
• Haddad also acquired 65 dividend equivalent units at $20.25 per unit, which vest on the first anniversary of the grant of the restricted stock units to which they relate and are payable in common stock upon vesting.
• Following these transactions, Haddad directly owns 9,850.866 shares of Associated Banc-Corp common stock and indirectly owns 5,750 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to dividend reinvestment and compensation.

Positives

• The director's increased stake in the company could be seen as a positive signal to investors.

Future Outlook

The dividend equivalent units vest on the first anniversary of the grant of the restricted stock units to which they relate, and are payable in shares of common stock upon vesting.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock; they provide transparency to the market.

Stakeholder Impact

• The increased stake of a director may have a slightly positive impact on shareholder confidence.

Key Dates