Form 4: Associated Banc-Corp Executive Receives Stock Grant

Derek S. Meyer, EVP and Chief Financial Officer of Associated Banc-Corp, was granted 6,672 shares of time-based restricted stock.

Summary

• Derek S. Meyer, the EVP and Chief Financial Officer of Associated Banc-Corp, received a grant of 6,672 shares of time-based restricted stock on January 29, 2025.
• These shares will vest in four equal annual installments, starting on February 8, 2026.
• The grant was made at a price of $0 per share, and the total number of shares beneficially owned by Mr. Meyer after the transaction is 45,327.379.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive.

Future Outlook

The executive's stock grant is tied to a vesting schedule, which is designed to incentivize long-term performance and retention.

Industry Context

Stock grants are a common form of executive compensation in the financial services industry, used to align management's interests with those of shareholders.

Comparison to Industry Standards

• The use of time-based restricted stock units is a standard practice for executive compensation in the banking sector.
• Many financial institutions use similar vesting schedules to retain key personnel and incentivize long-term value creation.
• Comparable companies such as First Midwest Bancorp and Old National Bancorp also utilize stock-based compensation as part of their executive pay packages.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the executive's continued service, which benefits the company and its stakeholders.

Key Dates

Keywords

stock grant, restricted stock, executive compensation, insider trading, beneficial ownership, time-based restricted stock, vesting, SEC Form 4, Associated Banc-Corp