Form 4: Director R. Jay Gerken Acquires ASB Shares

Associated Banc-Corp Director R. Jay Gerken acquired additional common stock through dividend equivalent units.

Summary

• R. Jay Gerken, a Director of Associated Banc-Corp (ASB), increased his beneficial ownership by acquiring additional shares of common stock.
• On September 15, 2025, Gerken acquired 45 shares of common stock at a price of $25.92 per share, related to dividend equivalent units.
• On the same date, Gerken acquired an additional 303 shares of common stock at $25.92 per share, representing fully vested dividend equivalents.
• Following these transactions, Gerken directly beneficially owns 45,020 shares of Associated Banc-Corp common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if compensation-related, generally indicates a positive alignment of interests and confidence in the company's prospects. The amount is not exceptionally large but represents a net increase in ownership.

Positives

• A Director, R. Jay Gerken, increased his direct beneficial ownership in Associated Banc-Corp by acquiring a total of 348 shares.
• The acquisitions were related to dividend equivalent units and fully vested dividend equivalents, indicating ongoing participation in equity-based compensation plans.

Future Outlook

NA

Industry Context

Insider purchases, even if compensation-related, can signal management's confidence in the company's future performance within the banking sector. These transactions are routine for directors receiving equity compensation.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it aligns management interests with shareholder interests.

Key Dates

Recommendation

The filing details routine, compensation-related stock acquisitions by a director. While insider buying can be a positive signal, the relatively small number of shares acquired through dividend equivalents does not fundamentally alter the investment thesis for Associated Banc-Corp, warranting a 'hold' recommendation based solely on this filing.

Keywords

Associated Banc-Corp, ASB, R. Jay Gerken, Insider Trading, Form 4, Director Stock Acquisition, Common Stock, Dividend Equivalent Units