Form 4: Associated Banc-Corp Executive Vice President David L. Stein Reports Changes in Beneficial Ownership

Executive Vice President David L. Stein reports acquisition and disposal of Associated Banc-Corp stock due to vesting of performance shares and tax obligations.

Summary

• On March 10, 2025, David L. Stein, an Executive Vice President at Associated Banc-Corp, reported changes in his beneficial ownership of the company's stock.
• He acquired 13,460 shares of common stock at a price of $21.45 per share due to the vesting of performance shares granted in 2022.
• 4,308 shares were disposed of at $21.45 to cover tax withholding obligations related to the vesting.
• Following these transactions, Stein directly owns 67,411 shares of common stock.
• He also indirectly owns 10,896.57 shares through a 401(k) plan and 75,421 shares by trust.
• Additionally, he indirectly owns 4,000 shares of Non-Cumulative Perpetual Preferred Stock, Series E (ASBPRE) by trust.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects routine transactions related to executive compensation. The acquisition of shares through vesting is mildly positive, while the disposal for tax obligations is neutral.

Positives

• The vesting of performance shares suggests that Stein has met certain performance criteria, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Comparing Stein's holdings and transactions to those of executives at similar regional banks (e.g., Huntington Bancshares, Fifth Third Bancorp) would provide context on whether his ownership stake is typical.
• Analyzing the vesting schedules and performance metrics associated with his performance shares against industry benchmarks for executive compensation would offer further insights.
• Reviewing similar Form 4 filings from executives at comparable institutions can reveal trends in insider trading activity and sentiment.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates