Form 4: Associated Banc-Corp Executive Vice President Receives Stock Grant

Paul Gregory Schmidt, an Executive Vice President at Associated Banc-Corp, was granted 3,457 shares of time-based restricted stock.

Summary

• Paul Gregory Schmidt, an Executive Vice President at Associated Banc-Corp, received a grant of 3,457 shares of time-based restricted stock.
• These shares were granted on January 29, 2025.
• The restricted stock units will vest in four equal annual installments, starting on February 8, 2026.
• Following this transaction, Mr. Schmidt beneficially owns 48,630 shares of Associated Banc-Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management with shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive.

Industry Context

Stock grants are a common form of executive compensation in the financial services industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a standard practice for executive compensation across the financial industry.
• The vesting schedule of four equal annual installments is a typical approach to ensure long-term commitment from executives.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule may encourage the executive to remain with the company, benefiting employees and other stakeholders.

Key Dates

Keywords

stock grant, restricted stock, executive compensation, insider trading, beneficial ownership, form 4, Associated Banc-Corp, ASB