The sales are small relative to market cap and mechanically tied to option exercises, not a bearish signal. Monitor earnings or upcoming 10-Q for fundamental direction; this cluster alone does not warrant a trade.
Price Chart
Executive Summary
Two senior executives at Associated Banc-Corp exercised stock options and immediately sold the underlying shares, generating $1.5M in total open-market sales. The cluster is entirely sell-side and concentrated on a single date, signaling potential profit-taking or diversification rather than a bearish view on the company's outlook.
Key Financial Metrics
Key Facts
- Total open-market sales: $1.5M (0.025% of $6.1B market cap)
- Two EVPs sold on August 12: Randall Erickson ($1.4M at $32.04) and Gregory Warsek ($105K at $32.00)
- Both sales were tied to option exercises at lower strike prices ($20.32 for Erickson, $26.00 for Warsek), typical of tax-aware exercise-and-sell programs
- All non-cash transactions (option exercises, discretionary transfers) had zero economic value
- No open-market purchases were reported during the cluster window
Financial Impact
Total proceeds of $1.5M represent 0.025% of market cap — well below the 0.1% materiality threshold
Risk Factors
- Insider sales often cluster around blackout-window openings, not negative information; no evidence of informed selling here
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ASB-1787072482271 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $30.21 | awaiting T+20 | — | $30.23 (+0.07%) |
Oct 22, 2026 4d ago | 8-K | $30.21 | awaiting T+20 | — | $30.23 (+0.07%) |
Oct 22, 2026 4d ago | Press Release | $30.21 | awaiting T+20 | — | $30.23 (+0.07%) |
Oct 1, 2026 25d ago | Press Release | $29.00 | awaiting T+20 | — | $30.23 (+4.24%) |
Sep 14, 2026 6w ago | 8-K | $30.32 $28.56 | ▼ −5.80% | ▼ −8.53% | $30.23 (−0.30%) |
Sep 2, 2026 7w ago | Press Release | $30.91 $29.00 | ▼ −6.18% | ▼ −4.99% | $30.23 (−2.20%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.23 (−6.00%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.23 (−6.00%) |
Aug 13, 2026 10w ago | Insider Cluster | $32.16 $30.04 | ▼ −6.59% | ▼ −4.84% | $30.23 (−6.00%) |
Aug 5, 2026 11w ago | Insider Cluster | $31.53 $30.58 | ▼ −3.01% | ▼ −2.41% | $30.23 (−4.12%) |
US Market Status
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