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

Executive Vice President Angie DeWitt of Associated Banc-Corp reports the acquisition and disposal of company stock and the exercise of stock options on November 6, 2024.

Summary

• On November 6, 2024, Angie DeWitt, Executive Vice President of Associated Banc-Corp, engaged in transactions involving the company's common stock.
• DeWitt acquired 1,886 shares of common stock through the exercise of non-qualified stock options at a price of $24.7 per share.
• Simultaneously, DeWitt disposed of 1,886 shares at a weighted average price of $27.85 per share, with individual sales ranging from $27.84 to $27.855.
• Following these transactions, DeWitt directly owns 45,542.6259 shares of Associated Banc-Corp common stock.
• Additionally, DeWitt indirectly owns 221.79 shares through a 401(k) plan.
• DeWitt also exercised non-qualified stock options for 1,886 shares, which were granted with an exercise price of $24.7 and vest in four equal annual installments beginning on February 8, 2019.
• The options expire on March 1, 2028.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance, but rather provides factual information about insider trading activity.

Positives

• The exercise of stock options and subsequent sale suggests DeWitt's confidence in the company's prospects, as she capitalized on the difference between the exercise price ($24.7) and the market price (average of $27.85).

Future Outlook

There is no explicit future outlook provided in this document.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Angie DeWitt, transact in their company's stock. It provides transparency to the market regarding insider activity, which can be an indicator of management's view of the company's prospects. The exercise of options and subsequent sale is a common practice for executives to realize compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice across all publicly listed companies in the US, ensuring transparency of insider trading activities.
• The details provided in this filing are consistent with the level of information expected in such disclosures, including transaction dates, prices, and quantities.
• Similar filings can be observed for executives at comparable financial institutions like Bank of America (BAC) or Wells Fargo (WFC) when they engage in stock transactions.

Stakeholder Impact

• Shareholders gain insight into the trading activities of company executives, which can influence their perception of the company's prospects.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates