Form 4: Associated Banc-Corp Executive Randall J. Erickson Reports Share Acquisition and Tax Withholding

Executive Vice President Randall J. Erickson of Associated Banc-Corp reports acquisition of performance shares and subsequent withholding for tax obligations.

Summary

• Randall J. Erickson, an Executive Vice President at Associated Banc-Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2024, Erickson acquired 13,132 shares of common stock at $20.70 per share, representing vested performance shares granted in 2021.
• Also on March 13, 2024, 3,500 shares were withheld to satisfy tax obligations related to the vesting of these performance shares at a price of $20.70.
• Following these transactions, Erickson directly owns 152,454 shares of Associated Banc-Corp common stock.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and insider transactions, with no overtly positive or negative implications. The vesting of performance shares suggests targets were met, which is mildly positive.

Positives

• The vesting of performance shares suggests that performance targets were met, which is a positive indicator.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity grants that vest over time.
• Tax withholding upon vesting of equity awards is a standard practice across publicly traded companies.
• Monitoring Form 4 filings of peer companies like US Bancorp (USB) or Truist Financial (TFC) can provide context on executive compensation trends.

Stakeholder Impact

• Shareholders may view the vesting of performance shares as a sign of management achieving performance goals.
• The tax withholding has no direct impact on stakeholders.

Key Dates