CEO Harmening purchases 12,910 shares of ASB at $23.25; holdings rise to 319,269 shares amid 26.8% 30-day rally.
Andrew J Harmening, President & CEO of Associated Banc-Corp, purchased 12,910 shares at $23.25 on 2025-05-09 for a total value of $300,157.50, increasing his holdings from 306,359 shares to 319,269 shares. This acquisition occurs in a context of significant near-term price appreciation: the stock has risen 26.8% over the past 30 days and currently trades at $24.38, yet remains 13.4% below its 52-week high of $28.14. The company's fundamentals show mixed signals—recent quarterly revenue stands at $329,730,000.00 with net income of $101,687,000.00, but annual revenue growth declined 11.0% year-over-year, and the stock's P/E of 28.02 sits above historical norms. The timing of this open-market purchase, following the stock's recent sharp appreciation and amid revenue headwinds, warrants examination of whether the CEO views the current valuation as attractive relative to forward prospects or is responding to other corporate considerations.