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's Director's Deferred Compensation Plan.

Summary

• On April 21, 2025, Michael J. Haddad, a director of Associated Banc-Corp, acquired phantom stock units.
• The acquisition was made under the Director's Deferred Compensation Plan.
• Haddad acquired 1,008.39 phantom stock units at a price of $19.83, resulting in a total of 58,189.528 units owned.
• These units are 100% vested at the time of acquisition and will remain in the plan until distribution based on the director's elections.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

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

Future Outlook

The phantom stock units will remain in the Director's Deferred Compensation Plan until distributed according to the director's elections.

Industry Context

This Form 4 filing is a routine disclosure of a director's transaction in company stock, which is common in the financial services industry.

Comparison to Industry Standards

• Director compensation in the form of stock and phantom stock units is a common practice among publicly traded companies, including those in the banking sector.
• Companies like JPMorgan Chase & Co. and Bank of America also utilize stock-based compensation for their directors and executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is part of the director's compensation plan.

Key Dates

Keywords

Associated Banc-Corp, Director, Phantom Stock Units, Deferred Compensation Plan, Form 4, ASB, Haddad