John A. Utz
First SEC filing: June 11, 2026 · Latest: June 11, 2026
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Sept. 15, 2026 | ASB | J | 45 | $30.17 | $1,358 | 98,774 Direct | +0.05% | Acquired | -3.9% (price as of 2026-10-02) |
| Sept. 15, 2026 | ASB | A | 428 | $30.32 | $12,977 | 99,202 Direct | +0.43% | Acquired | -4.4% (price as of 2026-10-02) |
| Aug. 17, 2026 | ASB | J | 42 | $32.21 | $1,353 | 98,729 Direct | +0.04% | Acquired | -10.0% (price as of 2026-10-02) |
| Aug. 4, 2026 | ASB | M | 24,465 | $25.20 | $616,518 | 143,152 Direct | +20.61% | Acquired | 15.1% (price as of 2026-10-02) |
| Aug. 4, 2026 | ASB | S | 44,465 | $31.72 | $1,410,430 | 98,687 Direct | -31.06% | Disposed | -8.6% (price as of 2026-10-02) |
| Aug. 4, 2026 | ASB | M | 24,465 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| July 15, 2026 | ASB | J | 44 | $30.64 | $1,348 | 118,687 Direct | +0.04% | Acquired | -5.4% (price as of 2026-10-02) |
| June 15, 2026 | ASB | A | 441 | $29.22 | $12,886 | 118,643 Direct | +0.37% | Acquired | -0.8% (price as of 2026-10-02) |
| June 15, 2026 | ASB | J | 46 | $29.49 | $1,357 | 118,202 Direct | +0.04% | Acquired | -1.7% (price as of 2026-10-02) |
| June 10, 2026 | ASB | S | 5,000 | $28.82 | $144,100 | 118,156 Direct | -4.06% | Disposed | 0.6% (price as of 2026-10-02) |
| May 15, 2026 | ASB | J | 49 | $27.31 | $1,338 | 123,156 Direct | +0.04% | Acquired | 6.2% (price as of 2026-10-02) |
| April 15, 2026 | ASB | J | 49 | $27.49 | $1,347 | 123,107 Direct | +0.04% | Acquired | 5.5% (price as of 2026-10-02) |
| March 16, 2026 | ASB | A | 519 | $24.59 | $12,762 | 123,058 Direct | +0.42% | Acquired | 17.9% (price as of 2026-10-02) |
| March 16, 2026 | ASB | J | 54 | $24.92 | $1,346 | 122,539 Direct | +0.04% | Acquired | 16.4% (price as of 2026-10-02) |
| March 9, 2026 | ASB | F | 8,639 | $25.08 | $216,666 | 122,485 Direct | -6.59% | Disposed | 15.6% (price as of 2026-10-02) |
| March 9, 2026 | ASB | A | 18,380 | $25.08 | $460,970 | 131,124 Direct | +16.30% | Acquired | 15.6% (price as of 2026-10-02) |
| Feb. 17, 2026 | ASB | J | 48 | $27.82 | $1,335 | 112,744 Direct | +0.04% | Acquired | 4.2% (price as of 2026-10-02) |
| Feb. 8, 2026 | ASB | A | 79 | $29.37 | $2,320 | 112,696 Direct | +0.07% | Acquired | -1.3% (price as of 2026-10-02) |
| Feb. 8, 2026 | ASB | F | 2,282 | $29.37 | $67,022 | 112,617 Direct | -1.99% | Disposed | -1.3% (price as of 2026-10-02) |
| Feb. 1, 2026 | ASB | A | 4,494 | $27.26 | $122,506 | 114,899 Direct | +4.07% | Acquired | 6.4% (price as of 2026-10-02) |
| Jan. 15, 2026 | ASB | J | 50 | $26.87 | $1,344 | 110,405 Direct | +0.05% | Acquired | 7.9% (price as of 2026-10-02) |
| Dec. 15, 2025 | ASB | A | 463 | $26.94 | $12,473 | 110,354 Direct | +0.42% | Acquired | 7.6% (price as of 2026-10-02) |
| Dec. 15, 2025 | ASB | J | 50 | $27.07 | $1,354 | 109,891 Direct | +0.05% | Acquired | 7.1% (price as of 2026-10-02) |
| Dec. 9, 2025 | ASB | M | 135 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Dec. 9, 2025 | ASB | S | 135 | $26.45 | $3,571 | 109,842 Direct | -0.12% | Disposed | 9.6% (price as of 2026-10-02) |
| Dec. 9, 2025 | ASB | M | 135 | $17.38 | $2,346 | 109,977 Direct | +0.12% | Acquired | 66.9% (price as of 2026-10-02) |
| Dec. 9, 2025 | ASB | S | 1,872 | $26.41 | $49,440 | 109,842 Direct | -1.68% | Disposed | 9.8% (price as of 2026-10-02) |
| Dec. 9, 2025 | ASB | S | 128 | $26.41 | $3,380 | 111,714 Direct | -0.11% | Disposed | 9.8% (price as of 2026-10-02) |
| Nov. 17, 2025 | ASB | J | 54 | $25.02 | $1,351 | 111,842 Direct | +0.05% | Acquired | 15.9% (price as of 2026-10-02) |
| Oct. 15, 2025 | ASB | J | 52 | $26.09 | $1,357 | 111,788 Direct | +0.05% | Acquired | 11.2% (price as of 2026-10-02) |
| Sept. 15, 2025 | ASB | J | 52 | $26.16 | $1,360 | 111,736 Direct | +0.05% | Acquired | 10.9% (price as of 2026-10-02) |
| Sept. 15, 2025 | ASB | A | 457 | $25.92 | $11,845 | 111,685 Direct | +0.41% | Acquired | 11.9% (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | M | 8,000 | · | · | 135 Direct | -98.34% | Disposed | (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | S | 100 | $27.26 | $2,726 | 111,228 Direct | -0.09% | Disposed | 6.4% (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | S | 200 | $27.26 | $5,452 | 111,328 Direct | -0.18% | Disposed | 6.4% (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | S | 7,700 | $27.24 | $209,748 | 111,528 Direct | -6.46% | Disposed | 6.5% (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | M | 8,000 | $17.38 | $139,040 | 119,228 Direct | +7.19% | Acquired | 66.9% (price as of 2026-10-02) |
| Aug. 29, 2025 | ASB | S | 5,000 | $27.25 | $136,250 | 111,228 Direct | -4.30% | Disposed | 6.4% (price as of 2026-10-02) |
| Aug. 15, 2025 | ASB | J | 54 | $25.08 | $1,354 | 116,228 Direct | +0.05% | Acquired | 15.6% (price as of 2026-10-02) |
| July 15, 2025 | ASB | J | 53 | $25.60 | $1,357 | 116,174 Direct | +0.05% | Acquired | 13.3% (price as of 2026-10-02) |
| June 16, 2025 | ASB | A | 511 | $22.96 | $11,733 | 116,121 Direct | +0.44% | Acquired | 26.3% (price as of 2026-10-02) |
| June 16, 2025 | ASB | J | 58 | $23.10 | $1,340 | 115,610 Direct | +0.05% | Acquired | 25.5% (price as of 2026-10-02) |
| May 15, 2025 | ASB | J | 56 | $24.27 | $1,359 | 115,552 Direct | +0.05% | Acquired | 19.5% (price as of 2026-10-02) |
| April 15, 2025 | ASB | J | 67 | $20.00 | $1,340 | 115,496 Direct | +0.06% | Acquired | 45.0% (price as of 2026-10-02) |
| March 17, 2025 | ASB | A | 479 | $22.22 | $10,643 | 115,429 Direct | +0.42% | Acquired | 30.5% (price as of 2026-10-02) |
| March 17, 2025 | ASB | J | 61 | $22.14 | $1,351 | 114,950 Direct | +0.05% | Acquired | 31.0% (price as of 2026-10-02) |
| March 10, 2025 | ASB | A | 487 | $21.45 | $10,446 | 114,889 Direct | +0.43% | Acquired | 35.2% (price as of 2026-10-02) |
| March 10, 2025 | ASB | F | 4,941 | $21.45 | $105,984 | 114,402 Direct | -4.14% | Disposed | 35.2% (price as of 2026-10-02) |
| March 10, 2025 | ASB | A | 15,043 | $21.45 | $322,672 | 119,343 Direct | +14.42% | Acquired | 35.2% (price as of 2026-10-02) |
| Feb. 18, 2025 | ASB | J | 53 | $25.48 | $1,350 | 104,300 Direct | +0.05% | Acquired | 13.8% (price as of 2026-10-02) |
| Feb. 10, 2025 | ASB | F | 2,201 | $25.18 | $55,421 | 104,247 Direct | -2.07% | Disposed | 15.2% (price as of 2026-10-02) |
| Feb. 8, 2025 | ASB | A | 249 | $25.18 | $6,270 | 106,448 Direct | +0.23% | Acquired | 15.2% (price as of 2026-10-02) |
| Jan. 29, 2025 | ASB | A | 5,448 | · | · | 106,199 Direct | +5.41% | Acquired | (price as of 2026-10-02) |
| Jan. 15, 2025 | ASB | J | 53 | $25.23 | $1,337 | 100,751 Direct | +0.05% | Acquired | 14.9% (price as of 2026-10-02) |
| Dec. 16, 2024 | ASB | A | 390 | $25.72 | $10,031 | 100,698 Direct | +0.39% | Acquired | 12.8% (price as of 2026-10-02) |
| Dec. 16, 2024 | ASB | J | 53 | $25.44 | $1,348 | 100,308 Direct | +0.05% | Acquired | 14.0% (price as of 2026-10-02) |
| Nov. 15, 2024 | ASB | J | 51 | $26.25 | $1,339 | 100,255 Direct | +0.05% | Acquired | 10.5% (price as of 2026-10-02) |
| Nov. 6, 2024 | ASB | M | 30,000 | · | · | 8,135 Direct | -78.67% | Disposed | (price as of 2026-10-02) |
| Nov. 6, 2024 | ASB | S | 30,000 | $26.82 | $804,600 | 100,204 Direct | -23.04% | Disposed | 8.1% (price as of 2026-10-02) |
| Nov. 6, 2024 | ASB | M | 30,000 | $17.38 | $521,400 | 130,204 Direct | +29.94% | Acquired | 66.9% (price as of 2026-10-02) |
| Oct. 30, 2024 | ASB | M | 19,044 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Oct. 30, 2024 | ASB | S | 19,044 | $24.19 | $460,674 | 100,204 Direct | -15.97% | Disposed | 19.9% (price as of 2026-10-02) |
| Oct. 30, 2024 | ASB | M | 19,044 | $17.24 | $328,319 | 119,248 Direct | +19.01% | Acquired | 68.2% (price as of 2026-10-02) |
| Oct. 29, 2024 | ASB | M | 20,499 | · | · | 19,044 Direct | -51.84% | Disposed | (price as of 2026-10-02) |
| Oct. 29, 2024 | ASB | S | 20,499 | $23.62 | $484,186 | 100,204 Direct | -16.98% | Disposed | 22.8% (price as of 2026-10-02) |
| Oct. 29, 2024 | ASB | M | 20,499 | $17.24 | $353,403 | 120,703 Direct | +20.46% | Acquired | 68.2% (price as of 2026-10-02) |
| Oct. 15, 2024 | ASB | J | 60 | $22.63 | $1,358 | 100,204 Direct | +0.06% | Acquired | 28.1% (price as of 2026-10-02) |
| Sept. 16, 2024 | ASB | J | 63 | $21.41 | $1,349 | 100,144 Direct | +0.06% | Acquired | 35.5% (price as of 2026-10-02) |
| Sept. 16, 2024 | ASB | A | 444 | $21.36 | $9,484 | 100,081 Direct | +0.45% | Acquired | 35.8% (price as of 2026-10-02) |
| Aug. 29, 2024 | ASB | S | 2,000 | $22.78 | $45,560 | 99,637 Direct | -1.97% | Disposed | 27.3% (price as of 2026-10-02) |
| Aug. 15, 2024 | ASB | J | 63 | $21.30 | $1,342 | 101,637 Direct | +0.06% | Acquired | 36.2% (price as of 2026-10-02) |
| July 15, 2024 | ASB | J | 60 | $22.44 | $1,346 | 101,574 Direct | +0.06% | Acquired | 29.2% (price as of 2026-10-02) |
| June 17, 2024 | ASB | A | 464 | $20.25 | $9,396 | 101,514 Direct | +0.46% | Acquired | 43.2% (price as of 2026-10-02) |
| June 17, 2024 | ASB | J | 68 | $19.94 | $1,356 | 101,050 Direct | +0.07% | Acquired | 45.4% (price as of 2026-10-02) |
| May 15, 2024 | ASB | J | 60 | $22.33 | $1,340 | 100,982 Direct | +0.06% | Acquired | 29.9% (price as of 2026-10-02) |
| May 6, 2024 | ASB | S | 2,500 | $22.18 | $55,450 | 100,922 Direct | -2.42% | Disposed | 30.7% (price as of 2026-10-02) |
| April 15, 2024 | ASB | J | 67 | $20.15 | $1,350 | 103,422 Direct | +0.06% | Acquired | 43.9% (price as of 2026-10-02) |
| March 15, 2024 | ASB | A | 366 | $20.25 | $7,412 | 103,355 Direct | +0.36% | Acquired | 43.2% (price as of 2026-10-02) |
| March 15, 2024 | ASB | J | 66 | $20.41 | $1,347 | 102,989 Direct | +0.06% | Acquired | 42.1% (price as of 2026-10-02) |
| March 13, 2024 | ASB | A | 972 | · | · | 102,923 Direct | +0.95% | Acquired | (price as of 2026-10-02) |
| March 13, 2024 | ASB | F | 3,175 | $20.70 | $65,722 | 101,951 Direct | -3.02% | Disposed | 40.1% (price as of 2026-10-02) |
| March 13, 2024 | ASB | A | 15,246 | $20.70 | $315,592 | 105,126 Direct | +16.96% | Acquired | 40.1% (price as of 2026-10-02) |
| March 5, 2024 | ASB | M | 8,510 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| March 5, 2024 | ASB | S | 2,435 | $21.20 | $51,622 | 89,880 Direct | -2.64% | Disposed | 36.8% (price as of 2026-10-02) |
| March 5, 2024 | ASB | S | 6,075 | $21.19 | $128,729 | 92,315 Direct | -6.17% | Disposed | 36.9% (price as of 2026-10-02) |
| March 5, 2024 | ASB | M | 8,510 | $17.67 | $150,372 | 98,390 Direct | +9.47% | Acquired | 64.1% (price as of 2026-10-02) |
| March 5, 2024 | ASB | S | 1,348 | $21.22 | $28,605 | 89,880 Direct | -1.48% | Disposed | 36.7% (price as of 2026-10-02) |
| March 5, 2024 | ASB | S | 2,200 | $21.22 | $46,684 | 91,228 Direct | -2.35% | Disposed | 36.7% (price as of 2026-10-02) |
| March 5, 2024 | ASB | S | 1,952 | $21.21 | $41,402 | 93,428 Direct | -2.05% | Disposed | 36.7% (price as of 2026-10-02) |
| Feb. 15, 2024 | ASB | J | 66 | $20.49 | $1,352 | 95,380 Direct | +0.07% | Acquired | 41.5% (price as of 2026-10-02) |
| Feb. 9, 2024 | ASB | F | 1,825 | $19.92 | $36,354 | 95,314 Direct | -1.88% | Disposed | 45.6% (price as of 2026-10-02) |
| Feb. 8, 2024 | ASB | A | 352 | $19.92 | $7,012 | 97,139 Direct | +0.36% | Acquired | 45.6% (price as of 2026-10-02) |
| Jan. 30, 2024 | ASB | A | 6,164 | · | · | 96,787 Direct | +6.80% | Acquired | (price as of 2026-10-02) |
| Jan. 16, 2024 | ASB | J | 65 | $20.82 | $1,353 | 90,623 Direct | +0.07% | Acquired | 39.3% (price as of 2026-10-02) |
| Dec. 15, 2023 | ASB | A | 313 | $21.19 | $6,632 | 90,558 Direct | +0.35% | Acquired | 36.9% (price as of 2026-10-02) |
| Dec. 15, 2023 | ASB | J | 64 | $21.22 | $1,358 | 90,245 Direct | +0.07% | Acquired | 36.7% (price as of 2026-10-02) |
| Dec. 12, 2023 | ASB | M | 14,755 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Dec. 12, 2023 | ASB | S | 14,755 | $19.49 | $287,575 | 90,182 Direct | -14.06% | Disposed | 48.8% (price as of 2026-10-02) |
| Dec. 12, 2023 | ASB | M | 14,755 | $17.02 | $251,130 | 104,937 Direct | +16.36% | Acquired | 70.4% (price as of 2026-10-02) |
| Nov. 15, 2023 | ASB | J | 74 | $18.20 | $1,347 | 90,182 Direct | +0.08% | Acquired | 59.3% (price as of 2026-10-02) |
Showing latest 100 of 345 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| Aug. 4, 2026 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $25.20 | Feb. 6, 2027 | 24,465 | Disposed |
| Dec. 9, 2025 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.38 | Feb. 1, 2026 | 135 | Disposed |
| Aug. 29, 2025 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.38 | Feb. 1, 2026 | 8,000 | Disposed |
| Nov. 6, 2024 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.38 | Feb. 1, 2026 | 30,000 | Disposed |
| Oct. 30, 2024 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.24 | Feb. 2, 2025 | 19,044 | Disposed |
| Oct. 29, 2024 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.24 | Feb. 2, 2025 | 20,499 | Disposed |
| March 5, 2024 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.67 | March 17, 2024 | 8,510 | Disposed |
| Dec. 12, 2023 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.02 | Jan. 27, 2024 | 14,755 | Disposed |
| Oct. 25, 2022 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $14.02 | Jan. 22, 2023 | 12,659 | Disposed |
| Dec. 14, 2021 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 2,000 | Disposed |
| Feb. 4, 2020 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $20.32 | Feb. 4, 2030 | 50,568 | Acquired |
| Feb. 5, 2019 | ASB | Phantom Stock Unit | Common Stock $0.01 Par Value | · | · | 12,727 | Disposed |
| Feb. 5, 2019 | ASB | Phantom Stock Unit | Common Stock $0.01 Par Value | · | · | 12,727 | Acquired |
| Feb. 5, 2019 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $22.01 | Feb. 5, 2029 | 33,777 | Acquired |
| Sept. 11, 2018 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 2,341 | Disposed |
| May 18, 2018 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 4,000 | Disposed |
| March 13, 2018 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 8,340 | Disposed |
| Feb. 6, 2018 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $24.25 | Feb. 6, 2028 | 28,818 | Acquired |
| Feb. 6, 2017 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $25.20 | Feb. 6, 2027 | 24,465 | Acquired |
| Nov. 1, 2016 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.02 | Jan. 27, 2024 | 12,355 | Disposed |
| Nov. 1, 2016 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $14.02 | Jan. 22, 2023 | 4,178 | Disposed |
| Feb. 1, 2016 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.38 | Feb. 1, 2026 | 38,135 | Acquired |
| March 9, 2015 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $14.02 | Jan. 22, 2023 | 8,482 | Disposed |
| March 9, 2015 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 16,682 | Disposed |
| Feb. 2, 2015 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.24 | Feb. 2, 2025 | 39,543 | Acquired |
| March 17, 2014 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.67 | March 17, 2024 | 8,510 | Acquired |
| Jan. 27, 2014 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $17.02 | Jan. 27, 2024 | 27,110 | Acquired |
| Jan. 22, 2013 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $14.02 | Jan. 22, 2023 | 25,319 | Acquired |
| Jan. 23, 2012 | ASB | Non-qualified Stock Option (Right to Buy) | Common Stock $0.01 Par Value | $12.97 | Jan. 23, 2022 | 33,363 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 2 holdings
Securities held when first becoming an insider, per SEC Form 3.
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2018 | $425,000 | $0 | $382,471 | $127,496 | $530,000 | $11,218 | $56,716 | $1,532,901 |
| 2017 | $425,000 | $0 | $382,486 | $127,497 | $350,000 | $10,416 | $48,436 | $1,343,835 |
| 2016 | $423,750 | $0 | · | · | $325,000 | $10,329 | $61,808 | $1,330,885 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.