Form 4: Director Robert A. Jeffe Acquires Associated Banc-Corp Stock

Director Robert A. Jeffe acquired 952.419 phantom stock units as part of his annual director compensation.

Summary

• Director Robert A. Jeffe received 952.419 phantom stock units on April 16, 2026.
• The units were granted as a portion of his annual director salary.
• The transaction was valued at $27.56 per unit.
• Following this transaction, the director holds a total of 98,440.011 shares/units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.
• The units are 100% vested at the time of acquisition.

Negatives

• None identified.

Risks

• Value of phantom stock units is subject to the market performance of Associated Banc-Corp common stock.

Future Outlook

The phantom stock units will remain in the Director's Deferred Compensation Plan until distributed according to the director's existing elections.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the banking sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of phantom stock units for director compensation is consistent with standard practices among regional U.S. banks.
• The vesting schedule and deferral mechanisms align with typical executive and director compensation structures in the financial services industry.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation-related transaction.

Next Steps

• The units will be held in the Director's Deferred Compensation Plan until future distribution.

Key Dates

Keywords

Associated Banc-Corp, ASB, Insider Trading, Form 4, Director Compensation, Phantom Stock