Form 4: Associated Banc-Corp Executive Vice President David L. Stein Reports Share Transactions

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

Summary

• David L. Stein, an Executive Vice President at Associated Banc-Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock on March 13, 2024.
• Stein acquired 14,046 shares of common stock at a price of $20.70 per share due to the vesting of performance shares granted in 2021.
• Simultaneously, 4,495 shares were disposed of at $20.70 per share to cover tax withholding obligations related to the vesting.
• Following these transactions, Stein directly owns 99,645 shares and indirectly owns 9,923.74 shares through a 401(k) plan and 36,218 shares by Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The vesting of performance shares is a positive, but the offsetting tax withholding is a standard procedure.

Positives

• The vesting of performance shares indicates that performance targets were met, which is a positive signal.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

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

Key Dates