Form 4: Executive Vice President Nicole M. Kitowski Reports Stock Grant and 401(k) Holdings

Executive Vice President Nicole M. Kitowski reported a grant of 3,639 shares of time-based restricted stock and holdings of 3,105.64 shares in a 401(k) plan.

Summary

• Nicole M. Kitowski, an Executive Vice President at Associated Banc-Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• She received a grant of 3,639 shares of time-based restricted stock (TRSUs) on January 29, 2025.
• These restricted stock units will vest in four equal annual installments starting on February 8, 2026.
• Kitowski also reported holding 3,105.64 shares of common stock indirectly through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation disclosure, which is generally neutral to positive. The stock grant is a positive sign of alignment with company performance.

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.

Future Outlook

The restricted stock will vest over four years, aligning the executive's compensation with the company's long-term performance.

Industry Context

This type of stock grant is a common practice for executive compensation in the financial services industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Many financial institutions use restricted stock units as part of their executive compensation packages.
• Vesting schedules of four years are common to encourage long-term commitment.
• The use of 401(k) plans for employee stock ownership is a standard practice across the industry.
• Companies like JP Morgan Chase, Bank of America, and Wells Fargo also use similar compensation structures for their executives.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the executive to drive long-term value.
• Employees may see the executive's stock ownership as a sign of commitment to the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock, Executive Compensation, 401(k), Stock Grant, Vesting