Associated Banc-Corp (ASB) director adds stock via grant and dividend reinvestment
Rhea-AI Filing Summary
ASSOCIATED BANC-CORP director Michael J. Haddad reported small equity-related changes in his holdings. On June 15, 2026, he received a grant of 38 shares of common stock at $29.22 per share as a director award. He also had 33.423 additional shares of common stock acquired through a dividend reinvestment transaction, increasing his directly held common stock to 8,795.965 shares.
Separately, a trust associated with him holds 5,750 common shares with voting rights. He also holds 69,403.270 phantom stock units, which are fully vested stock units in a Deferred Compensation Plan and are payable in shares of common stock according to his distribution elections and related vesting terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 71.423 shares
Net Buy
4 txns
Insider
Haddad Michael J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock $0.01 Par Value | 33.423 | $29.4088 | $982.93 |
| Grant/Award | Common Stock $0.01 Par Value | 38 | $29.22 | $1K |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock $0.01 Par Value — 8,795.965 shares (Direct);
Phantom Stock Unit — 69,403.27 shares (Direct);
Common Stock $0.01 Par Value — 5,750 shares (Indirect, By Trust (with voting rights))
Footnotes (4)
- F1. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.
- F2. Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate, are payable solely in shares of common stock upon vesting (subject to deferral if so elected by the Insider).
- F3. Stock units are 100% vested at the time of the acquisition.
- F4. Phantom stock units will remain in the Director's Deferred Compensation Plan until such account balance is distributed pursuant to Insider's distribution elections(s) on file.
Key Figures
Director stock grant: 38 shares at $29.22
Dividend reinvestment shares: 33.423 shares at $29.4088
Direct common shares after transactions: 8,795.965 shares
+3 more
6 metrics
Director stock grant
38 shares at $29.22
Common stock grant on June 15, 2026
Dividend reinvestment shares
33.423 shares at $29.4088
Dividend reinvestment transaction
Direct common shares after transactions
8,795.965 shares
Common Stock $0.01 Par Value, direct ownership
Indirect trust shares
5,750 shares
Common Stock held by trust with voting rights
Phantom stock units
69,403.270 units
Director's Deferred Compensation Plan, fully vested units
Underlying shares for phantom units
69,403.270 shares
Underlying Associated Banc-Corp common stock
Key Terms
Phantom Stock Unit, dividend reinvestment plan, Rule 16a-11, Dividend equivalent units, +1 more
5 terms
Phantom Stock Unit financial
"Phantom Stock Unit, underlying security title Common Stock $0.01 Par Value"
dividend reinvestment plan financial
"acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Rule 16a-11 regulatory
"dividend reinvestment transaction exempt from Section 16 under Rule 16a-11"
Dividend equivalent units financial
"Dividend equivalent units, which vest on the first anniversary of the grant"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Director's Deferred Compensation Plan financial
"Phantom stock units will remain in the Director's Deferred Compensation Plan until such account balance is distributed"
FAQ
What insider transactions did ASB director Michael J. Haddad report?
Michael J. Haddad reported a grant of 38 Associated Banc-Corp common shares at $29.22 and 33.423 additional shares from a dividend reinvestment transaction, bringing his directly held common stock position to 8,795.965 shares as of June 15, 2026.
What phantom stock units does ASB director Haddad hold and how do they work?
Haddad holds 69,403.270 phantom stock units tied to Associated Banc-Corp common stock. These units are fully vested stock units in a Director's Deferred Compensation Plan and are payable solely in shares of common stock, distributed under his existing deferral and distribution elections on file.
What are the dividend equivalent units and vesting terms mentioned in the ASB filing?
Dividend equivalent units relate to Associated Banc-Corp restricted stock units and vest on the first anniversary of the underlying grant. They are payable solely in common shares upon vesting and may be deferred if the insider has elected deferral, as described in the footnote language.
AI-generated analysis. How Rhea-AI works. Not financial advice.
