Associated Banc-Corp EVP awarded 5,200 shares

ASSOCIATED BANC-CORP Executive Vice President Matthew R. Braeger reported compensation-related stock activity.

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP Executive Vice President Matthew R. Braeger reported compensation-related stock activity. On March 9, 2026, he acquired 5,200 shares of common stock at $25.08 per share as vested Performance Shares from a 2023 long-term incentive grant with 3-year cliff vesting.

On the same date, 2,444 shares were withheld to cover tax obligations arising from that vesting, a non-market disposition. After these transactions, Braeger holds 16,777.0966 shares directly and an additional 779.5 shares indirectly through a 401(k) plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Braeger Matthew R

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $0.01 Par Value	5,200	$25.08	$130K
Exercise Price or Tax Liability	Common Stock $0.01 Par Value	2,444	$25.08	$61K
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 16,777.0966 shares (Direct); Common Stock $0.01 Par Value — 779.5 shares (Indirect, By 401(K) Plan)

Footnotes (2)

1. F1. Represents vested Performance Shares (LTIP) granted in 2023 and subject to 3-year cliff vesting in 2026.
2. F2. Shares were withheld to satisfy tax withholding obligations arising from vesting of Performance Shares (LTIP) in 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ASB executive Matthew Braeger report?

Matthew R. Braeger reported receiving 5,200 shares of Associated Banc-Corp common stock as vested Performance Shares from a 2023 long-term incentive grant, along with related tax-withholding share dispositions recorded on March 9, 2026.

Were any of Matthew Braeger’s ASB share transactions open-market buys or sells?

No open-market buys or sells were reported. Braeger’s Form 4 shows an award of 5,200 shares and a related withholding of 2,444 shares to satisfy tax obligations from vesting Performance Share awards, not discretionary market trades.

How many ASB shares does Matthew Braeger hold after this Form 4?

Following these transactions, Matthew Braeger holds 16,777.0966 shares of Associated Banc-Corp common stock directly, plus 779.5 shares indirectly through a 401(k) plan, according to the holding entries reported in the Form 4 data.

What do the 2,444 ASB shares marked with code F represent?

The 2,444 shares with transaction code F represent stock withheld to cover tax withholding obligations from the vesting of Performance Shares, as explained in the footnote. This is a tax-related disposition, not an open-market sale of Associated Banc-Corp shares.

What type of equity award did ASB grant to Matthew Braeger?

Braeger received vested Performance Shares (LTIP) originally granted in 2023, subject to 3-year cliff vesting in 2026. These awards converted into 5,200 shares of Associated Banc-Corp common stock upon vesting, as described in the footnotes.

How is Matthew Braeger’s indirect ownership in ASB reported?

Indirect ownership is reported through a 401(k) plan, showing 779.5 shares of Associated Banc-Corp common stock held on his behalf. This entry is coded as indirect ownership, separate from his direct holdings reported under the D ownership code.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/11/2026 - 12:59 PM Learn about SEC filing dates

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^*

Braeger Matthew R

(Last) (First) (Middle)

ASSOCIATED BANC-CORP

433 MAIN STREET

(Street)

GREEN BAY WI 54301

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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

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

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

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	03/09/2026		A(1)		5,200	A	$25.08	19,221.0966	D
Common Stock $0.01 Par Value	03/09/2026		F(2)		2,444	D	$25.08	16,777.0966	D
Common Stock $0.01 Par Value								779.5	I	By 401(K) Plan

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. Represents vested Performance Shares (LTIP) granted in 2023 and subject to 3-year cliff vesting in 2026.

2. Shares were withheld to satisfy tax withholding obligations arising from vesting of Performance Shares (LTIP) in 2026.

	/s/ Lynn M. Floeter, attorney-in-fact for Matthew R. Braeger	03/11/2026
	** 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.