Associated Banc EVP Sells Over $400K in Shares

Insider selling transaction represents 27% decrease in ownership stake

Published on Feb. 11, 2026

Associated Banc-Corp (NYSE:ASB) Executive Vice President Patrick Edward Ahern sold 14,731 shares of the company's stock on February 10th, 2026. The shares were sold at an average price of $29.03, resulting in a total transaction value of $427,640.93. Following the sale, Ahern's ownership stake in the company decreased by 27.21% to 39,401 shares valued at approximately $1.14 million.

Why it matters

Insider selling transactions can provide insights into management's views on a company's valuation and future prospects. This sale represents a significant reduction in Ahern's ownership stake, potentially signaling his belief that Associated Banc's shares are overvalued at current levels.

The details

The sale was disclosed in a filing with the SEC. Ahern has made several other insider selling transactions in recent months, including the sale of 30,489 shares in December 2025 and 3,327 shares in early December 2025.

  • The shares were sold on Tuesday, February 10th, 2026.
  • Ahern also sold 30,489 shares on Thursday, December 4th, 2025.
  • Ahern sold 3,327 shares on Wednesday, December 3rd, 2025.

The players

Patrick Edward Ahern

Executive Vice President of Associated Banc-Corp (NYSE:ASB).

Associated Banc-Corp

A regional financial services company headquartered in Green Bay, Wisconsin that operates over 200 branches across the Midwest.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This insider selling transaction suggests that Associated Banc's management team may view the company's current valuation as stretched, potentially signaling a cautious outlook on the bank's near-term prospects.