Form 4: Associated Banc-Corp Executive Receives Time-Based Restricted Stock Units

Executive Vice President Steven S. Zandpour of Associated Banc-Corp was granted 2,724 time-based restricted stock units (TRSUs) that will vest in four equal annual installments starting February 8, 2026.

Summary

• Steven S. Zandpour, an Executive Vice President at Associated Banc-Corp, received 2,724 time-based restricted stock units (TRSUs).
• These TRSUs were granted on January 29, 2025.
• The TRSUs will vest in four equal annual installments, beginning on February 8, 2026.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with long-term company performance. There are no negative implications or surprises.

Positives

• The grant of restricted stock units 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 restricted stock units will vest over a four-year period, starting in 2026, which is intended to incentivize long-term performance.

Industry Context

The granting of restricted stock units is a common practice in corporate compensation to align executive interests with shareholder value and encourage long-term performance.

Comparison to Industry Standards

• The use of time-based restricted stock units is a standard practice for executive compensation across the financial services industry.
• Many companies, such as JP Morgan Chase, Bank of America, and Wells Fargo, use similar equity-based compensation plans to incentivize their executives.
• The vesting schedule of four equal annual installments is also a common approach to ensure long-term commitment from the executive.

Stakeholder Impact

• Shareholders may view this as a positive sign that management is incentivized to improve long-term performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock units, TRSUs, executive compensation, insider transaction, equity grant, vesting, Associated Banc-Corp, Steven S. Zandpour