Form 4: Associated Banc-Corp EVP, CFO Derek S. Meyer Reports Share Transactions
SEC Form 4 Filing
Derek S. Meyer, EVP and CFO of Associated Banc-Corp, reports acquisition of shares through vested performance shares and disposition of shares to cover tax obligations.
Summary
- On March 10, 2025, Derek S. Meyer, EVP and Chief Financial Officer of Associated Banc-Corp, acquired 23,468 shares of common stock at a price of $21.45 per share due to the vesting of performance shares granted in 2022.
- The vested performance shares were subject to a 3-year cliff vesting schedule.
- On the same day, Meyer disposed of 11,030 shares of common stock at $21.45 per share to satisfy tax withholding obligations related to the vesting of the performance shares.
- Following these transactions, Meyer directly owns 56,993.379 shares of Associated Banc-Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to compensation and tax obligations. The vesting of performance shares is a slightly positive indicator.
Positives
- The vesting of performance shares indicates that performance targets were likely met, which is a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance shares were granted. |
| 03/10/2025 | Date of share acquisition and disposition. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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