Associated Banc-Corp director granted 381 shares

ASB director Karen Van Lith reported new dividend-equivalent stock awards and updated fully vested phantom stock unit holdings as of September 15, 2026.

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP (symbol: ASB) is the issuer of record for a Form 4 filing submitted to the SEC. VAN LITH KAREN reported acquisition or exercise transactions in this Form 4 filing.

ASSOCIATED BANC-CORP (ASB) director Karen Van Lith reported equity awards on September 15, 2026. She received 36 shares of common stock as dividend equivalent units that vest on the first anniversary of the related restricted stock units, and 345 fully vested dividend equivalent shares payable in common stock after she ceases serving as a director. She also reported a holding of 28,845.746 phantom stock units, which are 100% vested and will remain in her nonqualified benefit plan until distributed under her elections, and that her indirect IRA holding now reflects 0 shares. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 381 shares

Grant/Award 4 txns

Insider VAN LITH KAREN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $0.01 Par Value F1	36	$30.32	$1K
Grant/Award	Common Stock $0.01 Par Value F2	345	$30.32	$10K
holding	Phantom Stock Unit F3, F4	--	--	--
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 61,592 shares (Direct); Phantom Stock Unit — 28,845.746 contracts (Direct); Common Stock $0.01 Par Value — 0 shares (Indirect, IRA)

Footnotes (4)

1. F1. 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).
2. F2. Fully vested dividend equivalents received on restricted stock units payable solely in shares of common stock following the date the Insider ceases serving as a director.
3. F3. Stock units are 100% vested at the time of acquisition.
4. F4. Phantom stock units will remain in Insider's nonqualified benefit plan until such plan account balance is distributed pursuant to Insider's distribution election(s) on file.

Key Figures

Dividend equivalent grant: 36 shares Fully vested dividend equivalents: 345 shares Reference share price: $30.32 per share +3 more

6 metrics

Dividend equivalent grant 36 shares Dividend equivalent units in common stock granted September 15, 2026

Fully vested dividend equivalents 345 shares Fully vested dividend equivalents on restricted stock units, September 15, 2026

Reference share price $30.32 per share Price used for both non-derivative stock awards on September 15, 2026

Phantom stock units 28,845.746 units 100% vested phantom stock units linked to common stock, held directly

Underlying shares for phantom units 28,845.746 shares Common shares underlying reported phantom stock units

Indirect IRA holdings after update 0 shares Indirect IRA position in common stock following reported transactions

Key Terms

Dividend equivalent units, Phantom stock units, nonqualified benefit plan

3 terms

Dividend equivalent units financial

"Dividend equivalent units, which vest on the first anniversary of the grant"

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.

Phantom stock units financial

"Phantom stock units will remain in Insider's nonqualified benefit plan"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

nonqualified benefit plan financial

"will remain in Insider's nonqualified benefit plan until such plan account"

FAQ

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

What insider transactions did ASB director Karen Van Lith report on September 15, 2026?

Karen Van Lith reported two equity awards in Associated Banc-Corp common stock and updated holdings of phantom stock units, along with an indirect IRA position that now shows 0 shares.

How many ASB common shares did Karen Van Lith acquire in this Form 4 filing?

She reported grants totaling 381 shares of Associated Banc-Corp common stock, consisting of 36 dividend equivalent units that vest in one year and 345 fully vested dividend equivalents payable in stock after her board service ends.

What price was used for the ASB stock awards to Karen Van Lith?

Both reported common stock awards used a reference value of $30.32 per share for the 36-share and 345-share dividend equivalent grants on September 15, 2026.

What phantom stock unit holdings did Karen Van Lith disclose in ASB stock?

She disclosed 28,845.746 phantom stock units, each linked to a share of Associated Banc-Corp common stock. These units are 100% vested and remain in a nonqualified benefit plan until distributed under her existing elections.

Were Karen Van Lith’s ASB transactions made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan; the document-level Rule 10b5-1 checkbox is marked as not affirmed.

What change was reported for Karen Van Lith’s indirect IRA holdings of ASB stock?

Her indirect IRA position in Associated Banc-Corp common stock now shows 0 shares held, indicating no remaining IRA-held shares as of September 15, 2026.

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

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Available on EDGAR 09/17/2026 - 01:24 PM Accepted by SEC EDGAR 09/17/2026 - 01:23 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^*

VAN LITH KAREN

(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)
09/15/2026

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	09/15/2026		A(1)		36	A	$30.32	61,247	D
Common Stock $0.01 Par Value	09/15/2026		A(2)		345	A	$30.32	61,592	D
Common Stock $0.01 Par Value								0	I	IRA

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
Phantom Stock Unit	$0							(3)	(4)	Common Stock $0.01 Par Value	28,845.746		28,845.746	D

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).

2. Fully vested dividend equivalents received on restricted stock units payable solely in shares of common stock following the date the Insider ceases serving as a director.

3. Stock units are 100% vested at the time of acquisition.

4. Phantom stock units will remain in Insider's nonqualified benefit plan until such plan account balance is distributed pursuant to Insider's distribution election(s) on file.

	/s/ Lynn M. Floeter, attorney-in-fact for Karen van Lith	09/17/2026
	** 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)