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

Executive Vice President of Associated Banc-Corp, Angie DeWitt, reports the acquisition of common stock through the company's Employee Stock Purchase Plan and holdings in the 401(k) plan.

Summary

• Angie DeWitt, an Executive Vice President at Associated Banc-Corp, reported a transaction involving the company's common stock.
• On November 15, 2024, Ms. DeWitt acquired 20.4282 shares of common stock at a price of $26.251 per share through the Employee Stock Purchase Plan.
• Following the transaction, Ms. DeWitt directly owns 45,563.0541 shares of common stock.
• Ms. DeWitt also indirectly owns 221.79 shares through the company's 401(k) plan.
• The report also includes 2,031 shares of Restricted Stock and 577 shares of time-based Restricted Stock Units, which vest in four equal installments starting one year from the grant date.
• The 401(k) holdings were unintentionally omitted from previous filings.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions, which is generally neutral. The correction of a past omission is a minor negative, but overall the document is not indicative of any major positive or negative sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates Ms. DeWitt's continued investment in the company.
• The disclosure of the 401(k) holdings corrects a previous omission in filings, improving transparency.

Negatives

• The need to correct previous filings due to the omission of 401(k) holdings suggests a potential weakness in internal reporting controls.

Risks

• The correction of past omissions in filings could raise questions about the accuracy of other past reports.
• The vesting schedule of the restricted stock and units could create a future selling pressure if Ms. DeWitt chooses to sell upon vesting.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the ownership of company stock by its leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reported transactions are typical for executives participating in employee stock purchase plans and holding company stock in retirement accounts.
• The vesting schedule of the restricted stock and units is a common practice for executive compensation.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive stock ownership.
• The correction of the 401(k) omission improves the accuracy of company filings.

Key Dates

Keywords

insider trading, stock ownership, employee stock purchase plan, restricted stock, 401k, executive compensation, beneficial ownership, securities, ASB, Associated Banc-Corp