Form 4: Associated Banc-Corp Director John B. Williams Reports Acquisition of Common Stock and Dividend Equivalent Units

Director John B. Williams reports acquiring additional shares of Associated Banc-Corp common stock and dividend equivalent units.

Summary

• On September 16, 2024, John B. Williams, a director of Associated Banc-Corp, acquired 63 shares of common stock at a price of $21.36 per share.
• On the same date, Williams also acquired 416 dividend equivalent units, also valued at $21.36 per unit.
• Following these transactions, Williams directly owns 64,352 shares of common stock.
• Williams also indirectly owns 8,000 shares through an IRA.
• Additionally, Williams holds 4,864.492 phantom stock units.
• The dividend equivalent units vest on the first anniversary of the grant of the restricted stock units and are payable in shares of common stock upon vesting.
• The phantom stock units are 100% vested and will remain in the Insider's nonqualified benefit plan until distribution.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a relatively small transaction.

Positives

• The acquisition of additional shares by a director may signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Comparison to Industry Standards

• Comparing insider transactions of Associated Banc-Corp to similar regional banks like Huntington Bancshares (HBAN) or Fifth Third Bancorp (FITB) can provide a broader context.
• Analyzing the ratio of insider buys to sells across these companies can indicate overall management confidence in the sector.
• For example, if other regional bank directors are also increasing their holdings, it could signal a positive outlook for the industry as a whole.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates