Insider Trading February 11, 2026

Associated Banc-Corp EVP Executes Option Exercise, Sells Shares Worth $427,682

Patrick Edward Ahern reduces stake via sale while exercising options; bank posts Q4 2025 beat and announces share buyback and dividends

By Avery Klein ASB
Associated Banc-Corp EVP Executes Option Exercise, Sells Shares Worth $427,682
ASB

Associated Banc-Corp Executive Vice President Patrick Edward Ahern completed a pair of sales totaling 14,731 common shares on February 10, 2026, raising $427,682, and simultaneously exercised options to acquire 11,193 shares at $26.00 each. The bank reported Q4 2025 earnings and revenue above forecasts, declared cash and preferred dividends, and authorized a $100 million share repurchase program.

Key Points

  • Executive Vice President Patrick Edward Ahern sold 14,731 Associated Banc-Corp shares on February 10, 2026, for $427,682 and exercised options to buy 11,193 shares at $26.00 each.
  • Associated Banc-Corp reported Q4 2025 EPS of $0.80 and revenue of $389 million, both above consensus forecasts; the board declared common and preferred dividends and approved a $100 million share repurchase program.
  • The stock trades near recent highs, has risen 23.12% over six months, shows a 3.32% dividend yield and is flagged as slightly undervalued by fair value calculations.

Transaction overview

On February 10, 2026, Associated Banc-Corp Executive Vice President Patrick Edward Ahern sold 14,731 shares of the company’s common stock for aggregate proceeds of $427,682. The disposition occurred in two separate trades, executed at prices between $29.01 and $29.04 per share, slightly below the company’s 52-week high of $29.52.

Concurrent option exercise

On the same day, Ahern exercised stock options to acquire 11,193 shares at an exercise price of $26.00 per share, representing a total cost of $291,018. The dual activity - an exercise of options coupled with the sale of existing shares - left Ahern with a direct holding of 39,401 shares following the transactions. In addition, he retains an indirect interest of 5,505.21 shares held through a 401(k) plan.

Market context and valuation snapshot

Data referenced in the company snapshot shows Associated Banc-Corp trading at $28.81 and carrying a price-to-earnings ratio of 10.44. Over the past six months the bank’s common stock has appreciated by 23.12%.

Earnings, dividends and capital returns

The bank reported fourth-quarter 2025 earnings per share of $0.80, ahead of the $0.72 consensus forecast. Revenue for the quarter came in at $389 million versus projected revenue of $382.1 million.

The board declared a regular quarterly cash dividend of $0.24 per common share, payable March 16, 2026, to shareholders of record as of March 2, 2026. Preferred shareholders will receive quarterly dividends as well - $0.3671875 per depositary share on the 5.875% Series E Perpetual Preferred Stock and $0.3515625 per depositary share on the 5.625% Series F Perpetual Preferred Stock - with the same payment and record dates.

Additionally, the company announced a new $100 million share repurchase program. The firm has maintained dividend distributions for 52 consecutive years and the common stock currently yields 3.32%.

Valuation note and investor resources

According to the valuation snapshot cited, the shares are assessed as appearing slightly undervalued using available fair value calculations. Additional detailed research and model outputs are available through the referenced research service for subscribers.


Bottom line

The combination of insider option exercises and share sales on a single day, an above-consensus quarterly report, sustained dividend payouts and a new $100 million repurchase authorization are the primary corporate developments. These actions collectively speak to recent executive-level portfolio activity and ongoing capital returns to shareholders.

Risks

  • Share price proximity to the 52-week high could increase short-term volatility for equity investors - relevant to equity and financial sector participants.
  • Future dividend payments and repurchase activity depend on the company’s capital allocation decisions and results; changes could affect income-focused investors and bank equity valuations.
  • Insider selling on the same day as an option exercise may be interpreted variably by market participants, introducing signaling uncertainty for shareholders and analysts covering the banking sector.

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