Associated Banc-Corp (ASB) CFO granted 51 dividend-equivalent units
Rhea-AI Filing Summary
ASSOCIATED BANC-CORP Executive Vice President and Chief Financial Officer Derek S. Meyer reported a compensation-related stock acquisition. He received an award of 51 shares of common stock at a reference price of $24.59 per share, coded as a grant or award rather than an open-market purchase.
According to the footnote, these are dividend equivalent units earned on vested shares, which he elected to defer into the Executive's Deferred Compensation Plan. Following this award, his directly held common stock position reported in this filing increased to 71,535.379 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 51 shares
Net Buy
1 txn
Insider
Meyer Derek S.
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock $0.01 Par Value | 51 | $24.59 | $1K |
Holdings After Transaction:
Common Stock $0.01 Par Value — 71,535.379 shares (Direct)
Footnotes (1)
- F1. Dividend equivalent units earned on vested shares, a portion of which the reporting person has elected to defer upon vesting, and which will remain in the Executive's Deferred Compensation Plan until distributed pursuant to the reporting person's distribution election on file.
FAQ
What insider transaction did ASSOCIATED BANC-CORP (ASB) report for its CFO?
ASSOCIATED BANC-CORP reported that CFO Derek S. Meyer received an award of 51 shares of common stock. The transaction was coded as a grant or award, reflecting a compensation-related acquisition rather than an open-market trade.
What are dividend equivalent units in the ASSOCIATED BANC-CORP CFO’s Form 4?
The filing states the award reflects dividend equivalent units earned on vested shares. The CFO elected to defer these units into the Executive's Deferred Compensation Plan, where they will remain until distribution under his existing election.
Was the ASSOCIATED BANC-CORP CFO’s Form 4 transaction an open-market stock purchase?
No. The Form 4 lists the transaction under code A as a grant, award, or other acquisition. The footnote clarifies it represents dividend equivalent units tied to vested shares, deferred into a compensation plan, not an open-market purchase.
How does this ASSOCIATED BANC-CORP Form 4 classify the CFO’s ownership type?
The transaction is reported as direct ownership of common stock. The Form 4 marks the holding as direct, meaning the shares are attributed to the CFO personally rather than to an indirect entity or related account.
AI-generated analysis. How Rhea-AI works. Not financial advice.