Form 4: Associated Banc-Corp Executive Matthew R. Braeger Reports Share Transactions

Executive Vice President Matthew R. Braeger of Associated Banc-Corp reports acquisition and disposal of common stock related to vesting of performance shares and tax obligations.

Summary

• On March 13, 2024, Matthew R. Braeger, an Executive Vice President at Associated Banc-Corp, acquired 3,497 shares of common stock at a price of $20.7 per share due to the vesting of performance shares granted in 2021.
• Simultaneously, Braeger disposed of 1,644 shares to satisfy tax withholding obligations related to the vesting, also at $20.7 per share.
• Following these transactions, Braeger beneficially owns 12,939.0966 shares of Associated Banc-Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as 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 certain performance metrics were likely met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the performance shares in this case, which are common across the financial services industry.
• Tax withholding practices related to equity vesting are standard procedure for publicly traded companies.

Stakeholder Impact

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

Key Dates