Form 4: Associated Banc-Corp Executive Vice President Sells Shares to Cover Tax Obligations

Paul Gregory Schmidt, an Executive Vice President at Associated Banc-Corp, sold 1,110 shares of common stock on February 10, 2025, to satisfy tax withholding obligations related to the vesting of restricted stock.

Summary

• On February 10, 2025, Paul Gregory Schmidt, an Executive Vice President at Associated Banc-Corp, disposed of 1,110 shares of common stock.
• The transaction was executed to cover tax withholding obligations arising from the vesting of time-based restricted stock.
• The shares were sold at a price of $25.18 per share.
• Following the transaction, Schmidt directly owns 47,520 shares of Associated Banc-Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, not indicative of the company's overall performance or future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale of shares to cover tax obligations, which is a common practice among executives who receive stock-based compensation.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Form 4, insider trading, stock sale, Associated Banc-Corp, ASB, Paul Gregory Schmidt, executive compensation, tax withholding, restricted stock, beneficial ownership