Form 4: Associated Banc-Corp Executive Vice President Matthew R. Braeger Reports Stock Transactions
SEC Form 4 Filing
Matthew R. Braeger, Executive Vice President of Associated Banc-Corp, reports the acquisition and disposition of company stock and derivative securities.
Summary
- On November 7, 2024, Matthew R. Braeger acquired 744 shares of Associated Banc-Corp common stock indirectly through a 401(k) plan at a price of $26.86 per share.
- On November 8, 2024, Braeger exercised non-qualified stock options to acquire 15,577 shares at $20.32, 2,435 shares at $22.01 and 7,911 shares at $24.25.
- Also on November 8, 2024, Braeger sold 25,923 shares of common stock at a weighted average price of $26.643, with prices ranging from $26.57 to $26.715.
- Following these transactions, Braeger directly owns 12,939.0966 shares and indirectly owns 744 shares through a 401(k) plan.
- Braeger also owns non-qualified stock options for 0 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions can be for a variety of reasons, including exercising vested stock options, diversification, or personal financial planning.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation packages in publicly traded companies like Associated Banc-Corp.
- Similar filings are regularly made by executives at comparable financial institutions such as US Bancorp (USB), KeyCorp (KEY), and Huntington Bancshares (HBAN).
- The size and frequency of these transactions are generally in line with industry standards for executive compensation and stock ownership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
- Employees may be indirectly affected through the 401(k) plan's holdings of Associated Banc-Corp stock.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Acquisition of 744 shares of common stock through 401(k) plan. |
| 11/08/2024 | Exercise of stock options and sale of 25,923 shares of common stock. |
| 11/12/2024 | Date of Form 4 filing. |
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