Associated Banc-Corp Insider Buy: 87.72 Shares Acquired Under ESPP

Rhea-AI Filing Summary

Associated Banc-Corp (ASB) insider purchase reported on Form 4. Chief Information Officer Terry Lynn Williams purchased 87.7228 shares of Common Stock on 08/15/2025 at a price of $25.079 per share under the company's Employee Stock Purchase Plan. After the transaction, the filing reports 12,649.7791 shares beneficially owned (direct). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/18/2025 and lists the transaction code J(1), indicating plan-based acquisition.

Insights

Financial Analyst

TL;DR: A routine ESPP purchase by a named officer; transaction appears non-material to company valuation.

The filing documents an employee-plan purchase of 87.7228 shares at $25.079 on 08/15/2025 by Chief Information Officer Terry Lynn Williams, increasing direct beneficial ownership to 12,649.7791 shares. This is recorded under transaction code J(1), consistent with scheduled purchases under the Employee Stock Purchase Plan rather than an open-market trade. There are no disclosures of sales, option exercises, or derivative transactions in this Form 4.

Corporate Governance Expert

TL;DR: Officer participation in ESPP shows alignment with the company; transaction is procedural and routine.

The report confirms the Chief Information Officer acquired shares through the issuer's Employee Stock Purchase Plan, as indicated in the explanation block. The filing is signed by an attorney-in-fact, which is a common administrative practice. No changes in control, pledging, or indirect ownership structures are disclosed. The transaction code and explanation align with standard insider reporting requirements.

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
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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^*

Williams Terry Lynn

(Last) (First) (Middle)

C/O 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)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		J(1)	V	87.7228	A	$25.079	12,649.7791	D

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. Shares were purchased within the Issuer's Employee Stock Purchase Plan.

	/s/ Lynn M. Floeter, attorney-in-fact for Terry Lynn Williams	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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