Associated Banc-Corp (ASB) EVP uses 1,335 shares to cover restricted stock tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ASSOCIATED BANC-CORP executive Julio Manso reported a routine tax-related share disposition. On the vesting of a restricted stock sign-on bonus tranche, he surrendered 1,335 shares of common stock at a value of $27.59 per share to satisfy tax withholding obligations.
After this non-market transaction, he directly holds 14,854.128 shares of Associated Banc-Corp common stock. The filing reflects compensation-related share withholding rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Manso Julio
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock $0.01 Par Value | 1,335 | $27.59 | $37K |
Holdings After Transaction:
Common Stock $0.01 Par Value — 14,854.128 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for tax withholding: 1,335 shares
Per-share value for withholding: $27.59 per share
Shares held after transaction: 14,854.128 shares
3 metrics
Shares surrendered for tax withholding
1,335 shares
Restricted stock sign-on bonus vesting
Per-share value for withholding
$27.59 per share
Value applied to surrendered shares
Shares held after transaction
14,854.128 shares
Direct ASB common stock ownership post-transaction
Key Terms
restricted stock, tax withholding obligations, Sign-on Bonus, EVP, CHRO
4 terms
restricted stock financial
"arising from the vesting of restricted stock - 1st tranche vesting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"Shares were surrendered to satisfy tax withholding obligations arising from the vesting"
Sign-on Bonus financial
"1st tranche vesting of Sign-on Bonus"
EVP, CHRO financial
"officer_title": "EVP, CHRO""
FAQ
What did Associated Banc-Corp EVP Julio Manso report in this Form 4 for ASB?
Julio Manso reported surrendering 1,335 Associated Banc-Corp shares to cover tax withholding on vesting restricted stock. This is a compensation-related, non-market transaction rather than an open-market trade in ASB stock.
Was Julio Manso’s ASB Form 4 transaction an open-market sale or purchase?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale or purchase. Shares were surrendered to cover taxes on vesting restricted stock from a sign-on bonus, a standard compensation-related event.