Form 4: Associated Banc-Corp Executive Ahern Reports Stock Transactions

Executive Vice President Patrick Edward Ahern of Associated Banc-Corp reports acquisition and disposal of company stock related to vesting of performance shares.

Summary

• Patrick Edward Ahern, an Executive Vice President at Associated Banc-Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 13, 2024, Ahern acquired 9,278 shares of common stock at a price of $20.70 per share, representing vested Performance Shares granted in 2021.
• On the same day, Ahern disposed of 2,719 shares at $20.70 per share to satisfy tax withholding obligations arising from the vesting of performance shares.
• Following these transactions, Ahern directly owns 37,087 shares and indirectly owns 5,114.86 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of unusual or concerning activity.

Positives

• The vesting of performance shares indicates that Ahern has met certain performance criteria, which could be viewed positively.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces Ahern's direct holdings in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities 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 minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates