Form 4: Associated Banc-Corp Executive Vice President Paul Gregory Schmidt Reports Share Transactions
SEC Form 4 Filing
Paul Gregory Schmidt, an Executive Vice President at Associated Banc-Corp, reports the acquisition and disposal of company shares related to vested performance shares and tax obligations.
Summary
- On March 13, 2024, Paul Gregory Schmidt, an Executive Vice President of Associated Banc-Corp, reported transactions involving the company's common stock.
- Schmidt acquired 9,421 shares of common stock at a price of $20.7 per share due to the vesting of performance shares granted in 2021.
- Simultaneously, Schmidt disposed of 2,883 shares at the same price ($20.7) to cover tax withholding obligations related to the vesting of these performance shares.
- Following these transactions, Schmidt directly owns 72,592 shares of Associated Banc-Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a broader trend within the banking industry.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the reported transactions: acquisition and disposal of shares. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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