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

Executive Vice President David L. Stein acquired 223 shares of Associated Banc-Corp common stock through fully vested dividend equivalents.

Summary

• On September 16, 2024, David L. Stein, an Executive Vice President at Associated Banc-Corp, acquired 223 shares of common stock at a price of $21.36 per share.
• These shares were obtained through fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• Mr. Stein directly owns 81,021 shares following the transaction.
• Mr. Stein also indirectly owns 10,665.84 shares through a 401(k) plan and 49,297 shares by Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, but insider buying can be interpreted as a mildly positive signal.

Positives

• The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. It is common for executives to receive stock as part of their compensation and to periodically adjust their holdings.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) to align management's interests with those of shareholders.
• Dividend equivalents are a common feature of RSUs, providing executives with the same dividend benefits as regular shareholders.
• Comparing Stein's holdings and transactions to those of executives at peer banks like US Bancorp (USB) or Huntington Bancshares (HBAN) could provide additional context.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as insider buying is often viewed favorably.

Key Dates