Form 4: Associated Banc-Corp Director Haddad Reports Acquisition of Phantom Stock Units

Director Michael J. Haddad reports acquisition of phantom stock units in Associated Banc-Corp through a Directors' Deferred Compensation Plan.

Summary

• Michael J. Haddad, a director of Associated Banc-Corp, reported the acquisition of phantom stock units on July 19, 2024.
• The acquisition was made under the Directors' Deferred Compensation Plan.
• Haddad acquired 869.664 phantom stock units, each representing common stock with a par value of $0.01.
• The price of the phantom stock units was $22.99.
• Following the transaction, Haddad beneficially owns 47,746.038 shares of common stock.
• The stock units are 100% vested at the time of acquisition and will remain in the Director's Deferred Compensation Plan until distribution.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of phantom stock units indicates continued alignment of the director's interests with the company's performance.
• The stock units are 100% vested at the time of the acquisition.

Future Outlook

The phantom stock units will remain in the Director's Deferred Compensation Plan until distribution based on the director's elections.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates