Form 4: Associated Banc-Corp EVP Sells Shares for Tax Withholding

Phillip Trier, EVP of Associated Banc-Corp, disposed of 4,150 common shares to cover tax obligations related to restricted stock vesting.

Summary

• Phillip Trier, Executive Vice President of Associated Banc-Corp (ASB), reported a transaction involving the company's common stock.
• On February 8, 2026, Trier disposed of 4,150 shares of common stock.
• The shares were surrendered at a price of $29.37 per share.
• This disposition was made to satisfy tax withholding obligations associated with the vesting of time-based restricted stock granted in 2023, 2024, and 2025.
• Following this transaction, Trier beneficially owns 23,638.001 shares of Associated Banc-Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation, rather than a discretionary sale or purchase.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings from restricted stock vesting, are routine disclosures in the financial services industry. They typically do not reflect a discretionary investment decision by the insider but rather a mandatory event tied to compensation plans.

Comparison to Industry Standards

• This type of transaction, where shares are surrendered to cover tax liabilities upon the vesting of restricted stock, is a standard practice across publicly traded companies, including those in the banking sector like Associated Banc-Corp. It is a common mechanism for executives to manage tax obligations arising from equity compensation, similar to practices observed at peers such as U.S. Bancorp or PNC Financial Services Group.

Related Party Transactions

• The transaction involves an executive (Phillip Trier) of Associated Banc-Corp disposing of company shares, which is a related party transaction under SEC rules, specifically for tax withholding purposes related to his compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale indicating a change in management's confidence.
• Employees: No direct impact beyond the reporting executive.

Key Dates

Keywords

Associated Banc-Corp, ASB, Phillip Trier, Insider Transaction, Form 4, Tax Withholding, Restricted Stock, Executive Vice President