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

Derek S. Meyer, EVP and Chief Financial Officer of Associated Banc-Corp, acquired shares through fully vested dividend equivalents.

Summary

• Derek S. Meyer, the EVP and Chief Financial Officer of Associated Banc-Corp, acquired 7 shares of common stock on December 16, 2024.
• These shares were acquired as fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• The shares were priced at $25.72 each.
• Following the transaction, Mr. Meyer directly owns 38,655.379 shares of Associated Banc-Corp common stock.
• The dividend equivalents are payable solely in shares of common stock and are subject to deferral until separation, as elected by Mr. Meyer.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed positively as it aligns executive interests with shareholder value. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a key executive demonstrates confidence in the company's performance.
• The dividend equivalents are fully vested, indicating a positive reward for performance.

Industry Context

This is a routine filing related to executive compensation and is common in the financial services industry.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as RSUs, which are common across the financial industry.
• The use of dividend equivalents is a standard practice to ensure executives receive the full benefit of their equity awards.
• Similar filings are regularly made by executives at comparable financial institutions like US Bancorp and Truist Financial.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

insider trading, Form 4, dividend equivalents, executive compensation, share acquisition, performance-based RSUs, Associated Banc-Corp, Derek S. Meyer