ASSOCIATED BANC-CORP (ASB) director reports small 29-share equity award

Rhea-AI Filing Summary

Kotouc Wende L reported acquisition or exercise transactions in this Form 4 filing.

ASSOCIATED BANC-CORP director Wende L. Kotouc reported a small equity award in the company’s common stock. On June 15, 2026, Kotouc received 29 shares of common stock as a grant or award at a reference price of $29.22 per share, bringing direct holdings to 1,776,743 shares.

The filing also lists indirect holdings of 8,321,731 shares attributed to a spouse and 616 shares attributed to a child. A footnote explains that the award relates to dividend equivalent units tied to restricted stock units, which vest after one year and are settled in shares, with an option for deferral.

Insights

Equity compensation analyst

Filing reflects a routine, small equity award with no open‑market trading.

The Form 4 shows director Wende L. Kotouc receiving 29 shares of ASSOCIATED BANC-CORP common stock as a compensation-related grant at a reference price of $29.22 per share. This is a standard equity incentive rather than a market purchase.

After the award, direct holdings total 1,776,743 shares, with additional indirect holdings through a spouse and child. A footnote notes these are dividend equivalent units tied to restricted stock units that vest after one year and settle in shares, optionally deferred by the insider.

There are no reported sales, exercises, or derivative positions in this filing, and the acquisition size is very small relative to the overall reported holdings, suggesting a routine update to equity compensation records rather than a signal-driven transaction.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Kotouc Wende L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $0.01 Par Value	29	$29.22	$847.38
holding	Common Stock $0.01 Par Value	--	--	--
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 1,776,743 shares (Direct, null); Common Stock $0.01 Par Value — 616 shares (Indirect, Child)

Footnotes (1)

1. [object Object]

Key Figures

Awarded shares: 29 shares Grant reference price: $29.22 per share Direct holdings after award: 1,776,743 shares +2 more

5 metrics

Awarded shares 29 shares Common stock grant on June 15, 2026

Grant reference price $29.22 per share Reported for the 29-share award

Direct holdings after award 1,776,743 shares Common stock held directly by Kotouc

Indirect spouse holdings 8,321,731 shares Common stock held indirectly through spouse

Indirect child holdings 616 shares Common stock held indirectly through child

Key Terms

Dividend equivalent units, restricted stock units, indirect ownership, grant, award, or other acquisition

4 terms

Dividend equivalent units financial

"Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate..."

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

restricted stock units financial

"Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

indirect ownership financial

"total_shares_following_transaction ... direct_or_indirect: "I", nature_of_ownership: "Spouse" or "Child""

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kotouc Wende L

(Last) (First) (Middle)

C/O ASSOCIATED BANC-CORP

433 MAIN STREET

(Street)

GREEN BAY WISCONSIN 54301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ASSOCIATED BANC-CORP [ ASB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock $0.01 Par Value	06/15/2026		A(1)		29	A	$29.22	1,776,743	D
Common Stock $0.01 Par Value								616	I	Child
Common Stock $0.01 Par Value								8,321,731	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate, are payable solely in shares of common stock upon vesting (subject to deferral if so elected by the Insider).

	/s/ Lynn M. Floeter, by POA from Wende L. Kotouc	06/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ASSOCIATED BANC-CORP (ASB) report for Wende L. Kotouc?

ASSOCIATED BANC-CORP reported that director Wende L. Kotouc received an award of 29 shares of common stock on June 15, 2026. The filing classifies this as a grant or award acquisition rather than an open-market purchase or sale.

How many ASSOCIATED BANC-CORP (ASB) shares does Wende L. Kotouc hold after this Form 4?

After the reported award, Wende L. Kotouc holds 1,776,743 shares of ASSOCIATED BANC-CORP common stock directly. The Form 4 also lists 8,321,731 shares held indirectly through a spouse and 616 shares held indirectly through a child.

Was the ASB Form 4 for Wende L. Kotouc a buy or a sell transaction?

The ASB Form 4 shows an acquisition classified as a grant or award of 29 shares, not an open-market buy or sell. No sales are reported, and the transaction reflects routine equity compensation rather than trading activity.

What price was used for Wende L. Kotouc’s ASSOCIATED BANC-CORP stock award?

The Form 4 reports a reference price of $29.22 per share for the 29-share common stock award to Wende L. Kotouc. This figure is used for reporting the grant value, not necessarily as an open-market transaction price.

What are the dividend equivalent units mentioned in the ASB Form 4 footnote?

The footnote explains that dividend equivalent units vest on the first anniversary of the related restricted stock units. Upon vesting, they are payable solely in ASSOCIATED BANC-CORP common shares, with settlement timing deferrable if the insider has elected deferral.

Does the ASB Form 4 for Wende L. Kotouc show any derivative securities or options?

The Form 4 derivative summary is empty, indicating no derivative securities such as options or similar instruments are reported in this filing. The only new activity is the 29-share common stock award tied to dividend equivalent units.