Form 4: Associated Banc-Corp Executive Matthew Braeger Reports Share Transactions
SEC Form 4 Filing
Executive Vice President Matthew Braeger of Associated Banc-Corp reports acquisition and disposal of common stock related to vested performance shares and tax obligations.
Summary
- On March 10, 2025, Matthew R. Braeger, an Executive Vice President at Associated Banc-Corp, reported transactions involving the company's common stock.
- Braeger acquired 3,097 shares of common stock at a price of $21.45 per share due to the vesting of performance shares granted in 2022.
- Simultaneously, 1,456 shares were disposed of at $21.45 per share to cover tax withholding obligations related to the vesting.
- Following these transactions, Braeger directly owns 15,346.0966 shares and indirectly owns 752.55 shares through a 401(k) plan.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment. The transactions are part of standard operating procedures and do not suggest any significant positive or negative developments for the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It reflects standard compensation practices involving performance-based equity and tax-related share withholding.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency of insider transactions.
- Equity compensation, including performance shares, is a common component of executive compensation packages across the financial industry.
- Tax withholding through share disposal is a typical mechanism for handling tax obligations arising from equity vesting, aligning with standard practices at companies like JPMorgan Chase & Co. and Bank of America.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider transactions, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of the reported transactions: acquisition and disposal of shares. |
| 03/12/2025 | Date of signature by attorney-in-fact for Matthew R. Braeger. |
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