Form 4: Associated Banc-Corp Director Kristen M. Ludgate Reports Stock Transaction
SEC Form 4 Filing
Director Kristen M. Ludgate of Associated Banc-Corp reported the acquisition of 255 shares of common stock and the disposal of 255 shares of common stock on December 11, 2024.
Summary
- Kristen M. Ludgate, a director at Associated Banc-Corp, filed a Form 4 indicating a transaction involving the company's common stock.
- On December 11, 2024, Ms. Ludgate acquired 255 shares of common stock at a price of $26.27 per share.
- On the same day, Ms. Ludgate disposed of 255 shares of common stock.
- The transaction also involves restricted stock units that will vest on February 1, 2025, and are payable in common stock upon vesting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral report of a stock transaction.
Future Outlook
The restricted stock units will vest on February 1, 2025, and will be paid out in common stock.
Industry Context
This is a routine filing related to insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
- The transaction is similar to other filings by directors and officers of public companies, where they report acquisitions and disposals of company stock.
- The vesting of restricted stock units is a common form of compensation for executives and directors in the financial industry.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the trading activities of a company director.
- The vesting of restricted stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/11/2024 | Date of the reported stock acquisition and disposal. |
| 02/01/2025 | Vesting date for restricted stock units. |
| 12/13/2024 | Date the form was signed. |
Keywords
Form 4, insider trading, stock transaction, common stock, restricted stock units, director, Associated Banc-Corp, ASB
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