Form 4: Associated Banc-Corp Executive Vice President David L. Stein Reports Acquisition of Common Stock

Executive Vice President David L. Stein reports the acquisition of 230 shares of Associated Banc-Corp common stock at $20.25 per share due to vested dividend equivalents.

Summary

• On March 15, 2024, David L. Stein, an Executive Vice President at Associated Banc-Corp, acquired 230 shares of common stock at a price of $20.25 per share.
• The acquisition was due to fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• These dividend equivalents are payable solely in shares of common stock and are subject to deferral until separation, as elected by the insider.
• Following the transaction, Stein directly owns 99,875 shares of common stock.
• Stein also indirectly owns 9,923.74 shares through a 401(k) plan and 36,218 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but the transaction is relatively small and related to routine compensation.

Positives

• The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the buying and selling behavior of company executives and directors, which can be informative for investors.

Comparison to Industry Standards

• Comparing insider transactions at Associated Banc-Corp to similar regional banks like Fifth Third Bancorp or KeyCorp can provide a broader context.
• Analyzing the frequency and size of insider buys and sells across these companies can reveal trends in management sentiment and potential future performance.
• For example, consistent insider buying might suggest strong confidence in the company's prospects, while frequent selling could raise concerns.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• Shareholders may view the insider purchase as a positive signal, but the small size of the transaction limits its significance.

Key Dates