Form 4: Associated Banc-Corp Director Klappa Acquires Additional Shares Through Dividend Equivalents

Director Gale E. Klappa increased their holdings in Associated Banc-Corp through the acquisition of common stock and dividend equivalent units.

Summary

• On September 16, 2024, Gale E. Klappa, a director of Associated Banc-Corp, acquired 63 shares of common stock at a price of $21.36 per share.
• Klappa also acquired 201 shares of common stock through fully vested dividend equivalents at a price of $21.36 per share.
• Following these transactions, Klappa directly owns 26,140 shares of Associated Banc-Corp common stock.
• Klappa also holds 33,409.281 phantom stock units, which are 100% vested and will be distributed after separation from the company according to the insider's distribution election.
• 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, subject to deferral.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine insider transactions. The director's increased holdings could be seen as slightly positive, but it's not a major event.

Positives

• The director's increased investment in the company may signal confidence in Associated Banc-Corp's future performance.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency into the trading activities of company executives and directors.

Stakeholder Impact

• The increased holdings by a director could be viewed positively by shareholders.

Key Dates