Director at Associated Banc-Corp (NYSE: ASB) receives stock and phantom unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WILLIAMS JOHN B reported acquisition or exercise transactions in this Form 4 filing.
Associated Banc-Corp director John B. Williams reported new stock-based compensation and updated holdings. On June 15, 2026, he received two common stock awards of 355 shares and 38 shares at $29.22 per share, classified as grants or awards rather than open-market purchases. Following these awards, his directly held common stock totaled 67,813 shares, with an additional 8,000 shares held indirectly through an IRA with sole voting rights. He also holds 5,188.174 phantom stock units, each tied to common stock, which remain in a nonqualified benefit plan and are payable in shares under the plan’s distribution elections and vesting terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WILLIAMS JOHN B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock $0.01 Par Value | 38 | $29.22 | $1K |
| Grant/Award | Common Stock $0.01 Par Value | 355 | $29.22 | $10K |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock $0.01 Par Value — 67,458 shares (Direct, null);
Phantom Stock Unit — 5,188.174 shares (Direct, null);
Common Stock $0.01 Par Value — 8,000 shares (Indirect, IRA (sole voting rights))
Footnotes (1)
- 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). Fully vested dividend equivalents received on restricted stock units payable solely in shares of common stock following the date the Insider ceases serving as a director. Stock units are 100% vested at the time of acquisition. Phanton stock units will remain in Insider's nonqualified benefit plan until such plan account balance is distributed pursuant to Insider's distribution election(s) on file.
Key Figures
Stock grant 1: 355 shares at $29.22
Stock grant 2: 38 shares at $29.22
Direct common shares: 67,813 shares
+3 more
6 metrics
Stock grant 1
355 shares at $29.22
Common Stock grant on June 15, 2026
Stock grant 2
38 shares at $29.22
Common Stock grant on June 15, 2026
Direct common shares
67,813 shares
Direct holdings after June 15, 2026 grants
Indirect IRA shares
8,000 shares
Indirect holdings via IRA with sole voting rights
Phantom stock units
5,188.174 units
Units tied to common stock in nonqualified benefit plan
Exercise price of phantom units
$0.0000
Phantom stock units convertible to common stock
Key Terms
Dividend equivalent units, Restricted stock units, Phantom stock units, Nonqualified benefit plan, +1 more
5 terms
Dividend equivalent units financial
"Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units…"
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.
Restricted stock units financial
"…vest on the first anniversary of the grant of the restricted stock units to which they relate…"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Phantom stock units financial
"Phanton stock units will remain in Insider's nonqualified benefit plan until such plan account balance is distributed…"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Nonqualified benefit plan financial
"…will remain in Insider's nonqualified benefit plan until such plan account balance is distributed…"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did ASB director John B. Williams report in this Form 4?
He reported stock-based compensation and updated holdings. Williams received two grants of common stock and disclosed his direct, indirect, and phantom stock unit positions, all dated June 15, 2026, reflecting routine director compensation rather than open-market trading.
What phantom stock units does John B. Williams hold at Associated Banc-Corp?
He holds 5,188.174 phantom stock units tied to Associated Banc-Corp common stock. These units are payable solely in common shares under a nonqualified benefit plan, with distribution based on his elections and plan terms described in the footnotes.
Are the reported ASB stock transactions open-market buys or compensation grants?
They are compensation-related grants. The Form 4 classifies the 355-share and 38-share entries with code A, meaning they are grants, awards, or other acquisitions, rather than open-market purchases by the director.
How do dividend equivalent units work in John B. Williams’ ASB awards?
Dividend equivalent units vest on the first anniversary of the related restricted stock units and are payable solely in common shares upon vesting. The footnotes note possible deferral elections and state that certain stock units are fully vested at acquisition.