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

David L. Stein, Executive Vice President of Associated Banc-Corp, has acquired 223 shares of common stock through fully vested dividend equivalents at a price of $22.96 per share.

Summary

• David L. Stein, Executive Vice President of Associated Banc-Corp (ASB), acquired 223 shares of ASB common stock.
• The transaction occurred on June 16, 2025, at a price of $22.96 per share.
• These shares were fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• The shares are payable solely in common stock and are subject to deferral until the insider's separation from the company, as elected by Mr. Stein.
• Following this transaction, Mr. Stein's beneficial ownership includes 58,710 shares directly, 11,481.11 shares indirectly through a 401(k) Plan, and 84,573 shares indirectly by Trust, totaling 154,764.11 shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by an executive, even as part of a compensation plan, is generally viewed positively as it aligns management's interests with shareholders and indicates confidence in the company's prospects.

Positives

• An executive acquiring shares, even through compensation, indicates continued alignment of management interests with shareholder interests.
• The shares acquired are fully vested, implying a completed performance period for the underlying RSUs.

Future Outlook

NA

Industry Context

This is a standard insider transaction filing (Form 4) for a financial institution executive. Such filings are common across all industries and primarily serve to disclose changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• Shareholders: The acquisition of shares by an executive can be interpreted as a positive signal, potentially increasing investor confidence due to alignment of interests.
• Employees: The transaction is part of an executive compensation plan, which may reflect the company's broader compensation strategies for key personnel.

Key Dates

Keywords

Associated Banc-Corp, ASB, David L. Stein, SEC Form 4, Insider Transaction, Equity Acquisition, Dividend Equivalents, Restricted Stock Units, Executive Compensation, Beneficial Ownership