Form 4: Associated Banc-Corp Executive Nicole M. Kitowski Reports Stock Transactions

Executive Vice President Nicole M. Kitowski of Associated Banc-Corp reports acquisition and disposal of company stock related to vesting of performance shares and tax obligations.

Summary

• Nicole M. Kitowski, 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, Ms. Kitowski acquired 9,992 shares of common stock at a price of $20.7 per share, representing vested performance shares granted in 2021.
• On the same day, she disposed of 4,697 shares at $20.7 per share to satisfy tax withholding obligations related to the vesting of the performance shares.
• Following these transactions, Ms. Kitowski directly owns 42,941.9126 shares and indirectly owns 2,988.78 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation and tax obligations. There's no indication of unusual or concerning activity.

Positives

• The vesting of performance shares indicates that performance goals were likely met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving performance-based equity and tax-related share withholding.

Stakeholder Impact

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

Key Dates