Form 4: Associated Banc-Corp Executive Angie DeWitt Reports Stock Transactions

Executive Vice President Angie DeWitt reports multiple transactions involving Associated Banc-Corp stock, including purchases through dividend reinvestment and employee stock purchase plans, as well as the awarding of dividend equivalents.

Summary

• Angie DeWitt, an Executive Vice President at Associated Banc-Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 13, 2024, DeWitt acquired 160.108 shares of common stock at $20.86 per share through the Dividend Reinvestment Plan.
• On March 15, 2024, she acquired 32.9315 shares at $20.409 per share through the Employee Stock Purchase Plan.
• Also on March 15, 2024, DeWitt acquired 157 shares at $20.25 per share as fully vested dividend equivalents awarded pursuant to performance-based RSUs.
• Following these transactions, DeWitt directly owns 44,494.3994 shares of Associated Banc-Corp common stock and indirectly owns 215.08 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions. The participation in stock purchase plans is mildly positive, suggesting confidence, but it's not a strong indicator.

Positives

• The executive's participation in the Dividend Reinvestment Plan and Employee Stock Purchase Plan indicates confidence in the company's future.
• The awarding of dividend equivalents suggests positive performance leading to the vesting of RSUs.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing the volume and frequency of insider buying and selling activity at Associated Banc-Corp to that of its peers (e.g., regional banks like Fifth Third Bancorp, KeyCorp, or Regions Financial) can provide a broader context.
• For example, if several executives at Associated Banc-Corp are consistently purchasing shares while executives at comparable banks are selling, it could signal stronger confidence in Associated Banc-Corp's prospects.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.
• The executive's participation in stock purchase plans could be viewed positively by employees.

Key Dates