Form 4: Associated Banc-Corp Executive Exercises Stock Options, Sells Shares to Cover Taxes

Randall J. Erickson, an Executive Vice President at Associated Banc-Corp, exercised stock options and sold shares to cover tax obligations on October 30, 2024.

Summary

• On October 30, 2024, Randall J. Erickson, an Executive Vice President of Associated Banc-Corp, exercised stock options to acquire 34,473 shares of common stock at a price of $17.24 per share.
• Simultaneously, Erickson disposed of 29,316 shares to satisfy tax withholding obligations at a price of $24.02.
• Following these transactions, Erickson directly owns 99,364 shares of Associated Banc-Corp common stock.
• Erickson also holds non-qualified stock options for 34,473 shares, which vest in annual installments.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the actions of an executive officer related to stock options and share sales to cover tax obligations, which is a common practice.

Comparison to Industry Standards

• Executive compensation packages often include stock options as a way to align management's interests with those of shareholders.
• The vesting schedule and exercise price of these options are typical components of such packages.
• The sale of shares to cover tax obligations is a standard practice among executives who exercise stock options.
• Comparing Erickson's compensation and stock ownership to peers at similar-sized regional banks would provide further context.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine executive stock transaction.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates