Form 4: Associated Banc-Corp Executive Vice President David L. Stein Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President David L. Stein reports the acquisition and disposal of Associated Banc-Corp stock, including the exercise of stock options and sales on the open market.
Summary
- On July 30, 2024, David L. Stein, an Executive Vice President at Associated Banc-Corp, reported transactions involving the company's common stock.
- Stein exercised non-qualified stock options to acquire 32,107 shares at a price of $17.24 per share.
- Simultaneously, Stein disposed of 32,107 shares at a weighted average price of $23.15 per share, with individual sales ranging from $23.04 to $23.24.
- Following these transactions, Stein directly owns 80,798 shares of Associated Banc-Corp common stock.
- Additionally, Stein indirectly owns 10,665.84 shares through a 401(k) plan and 55,528 shares through a trust.
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, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and assess their confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of management's view of the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/08/2016 | Start date for the vesting of the non-qualified stock option in four equal annual installments. |
| 02/02/2025 | Expiration date of the non-qualified stock option. |
| 07/30/2024 | Date of the reported transactions: exercising stock options and selling shares. |
| 08/01/2024 | Date of signature for the Form 4 filing. |
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