Form 4: Associated Banc-Corp Executive Vice President Angie DeWitt Reports Stock Grant

Executive Vice President of Associated Banc-Corp, Angie DeWitt, reports the acquisition of 3,565 shares of restricted stock and a change in indirect holdings through a 401(k) plan.

Summary

• Angie DeWitt, an Executive Vice President at Associated Banc-Corp, reported a transaction on January 29, 2025.
• She acquired 3,565 shares of common stock as time-based restricted stock units (TRSUs).
• These TRSUs will vest in four equal annual installments starting on February 8, 2026.
• Additionally, there was a change in her indirect holdings of 223.5 shares through a 401(k) plan.
• Following these transactions, Ms. DeWitt directly owns 49,493.1672 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation, which is generally viewed neutrally. The grant of restricted stock is a positive sign of alignment with long-term company performance.

Positives

• The grant of restricted stock units to a key executive aligns her interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies. It provides transparency into the holdings of company insiders.

Comparison to Industry Standards

• The use of restricted stock units as part of executive compensation is a common practice among publicly traded companies, particularly in the financial sector.
• Vesting schedules, such as the four-year vesting period described, are also standard practice to ensure long-term alignment of interests.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also use similar compensation structures for their executives.

Stakeholder Impact

• The stock grant to the executive may be viewed positively by shareholders as it aligns management's interests with the company's long-term performance.
• The vesting schedule encourages the executive's continued service and contribution to the company.

Key Dates

Keywords

insider trading, stock grant, restricted stock, executive compensation, beneficial ownership, Form 4, Associated Banc-Corp, ASB