This insider selling cluster is routine both in size (under 0.1% of market cap) and pattern (derivative exercise followed by sale, common for executive compensation). No bearish signal is warranted. Monitor next 8-K for earnings or guidance updates — 13F data shows institutional accumulation (3 adds, 1 new) which contrasts with modest insider selling.
Price Chart
Executive Summary
Three ASB insiders (EVP, CFO, EVP) sold a total of ~$3.3M in open-market shares over a 7-day window, including the CFO's $307K sale and an EVP's $2.79M sale following a derivative exercise. At $5.8B market cap, the total sales represent just 0.057% of market value — a trivial, routine cluster likely driven by diversification and cashless-exercise patterns rather than negative signal.
Key Financial Metrics
Key Facts
- 3 insiders sold shares totaling ~$3.3M between Jul 28-30, 2026
- Largest trade: EVP Randall Erickson sold 90,573 shares ($2.79M) after exercising derivatives at $25.20/share
- CFO Derek Meyer sold 10,000 shares ($307K) — first open-market sale observed
- Total cluster value is 0.057% of ASB's $5.8B market cap
- All sales are open-market; no buys in the cluster
Financial Impact
Total insider sales of $3.3M represent a negligible 0.057% of ASB's $5.8B market cap, well below the 0.1% threshold for materiality.
Risk Factors
- No material risk from this filing; further insider selling at larger scale (>0.5% of market cap) would warrant attention
- If the company reports negative earnings surprise in the upcoming quarter, these sales could be viewed as pre-positioning
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-1785785161885 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers