Form 4: Associated Banc-Corp Executive John A. Utz Reports Changes in Beneficial Ownership

Executive Vice President John A. Utz reports transactions involving Associated Banc-Corp common stock, including acquisition of performance shares and shares withheld for tax obligations.

Summary

• On March 10, 2025, John A. Utz, an Executive Vice President at Associated Banc-Corp, reported changes in his beneficial ownership of the company's common stock.
• He acquired 15,043 shares of common stock at $21.45 per share, representing vested performance shares granted in 2022.
• 4,941 shares were disposed of at $21.45 per share to satisfy tax withholding obligations arising from the vesting of performance shares.
• He also acquired 487 dividend equivalent units at $21.45 per share on vested shares, which he elected to defer.
• Following these transactions, Utz directly owns 114,889.1829 shares of common stock and indirectly owns 15,084.26 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 acquisition of performance shares indicates that Utz has met certain performance criteria, which is a positive signal.

Negatives

• The disposal of 4,941 shares to cover tax obligations, while a normal occurrence, reduces Utz's overall holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and assess their confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates