Associated Banc-Corp director gains dividend shares

ASSOCIATED BANC-CORP director Judith P. Greffin reported equity awards and vested phantom stock unit holdings, all tied to common stock.

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP (ASB) director Judith P. Greffin reported equity compensation activity in the company’s common stock. On September 15, 2026, she acquired 36 shares as dividend equivalent units that vest on the first anniversary of the related restricted stock units and 102 fully vested dividend equivalent shares, all valued at $30.32 per share. She also reported a holding of 47,866.411 phantom stock units, which are 100% vested and are payable in shares of common stock following her separation, in accordance with her distribution election. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 138 shares

Grant/Award 3 txns

Insider Greffin Judith P

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	102	$30.32	$3K
holding	Phantom Stock Unit F3, F4	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 17,879 shares (Direct); Phantom Stock Unit — 47,866.411 contracts (Direct)

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 the acquisition.
4. F4. Phantom stock units will remain in the Insider's Stock Plan Services plan until separation and be distributed pursuant to the Insider's distribution election on file.

Key Figures

Dividend equivalent units granted: 36 shares Fully vested dividend equivalents: 102 shares Reference value per common share: $30.32 per share +2 more

5 metrics

Dividend equivalent units granted 36 shares Dividend equivalent units vesting on the first anniversary of related restricted stock units, granted September 15, 2026

Fully vested dividend equivalents 102 shares Fully vested dividend equivalents on restricted stock units, reported September 15, 2026

Reference value per common share $30.32 per share Value used for the September 15, 2026 dividend equivalent share acquisitions

Phantom stock unit holdings (underlying shares) 47,866.411 shares Underlying common shares for 100% vested phantom stock units held directly

Exercise price of phantom stock units $0.00 Phantom stock units convertible into common stock at no exercise price

Key Terms

Dividend equivalent units, Restricted stock units, Phantom stock units, Distribution election, +1 more

5 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.

Restricted stock units financial

"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.

Phantom stock units financial

"Phantom stock units will remain in the Insider's Stock Plan Services 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.

Distribution election financial

"be distributed pursuant to the Insider's distribution election on file"

Stock Plan Services plan financial

"Phantom stock units will remain in the Insider's Stock Plan Services plan"

FAQ

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

What equity awards did ASB director Judith P. Greffin report on September 15, 2026?

She reported acquiring 36 dividend equivalent units that vest on the first anniversary of related restricted stock units and 102 fully vested dividend equivalent shares of ASSOCIATED BANC-CORP common stock, all at a reference value of $30.32 per share.

How many phantom stock units linked to ASB common stock does Judith P. Greffin hold?

She reported holding 47,866.411 phantom stock units, 100% vested, each linked to one share of ASSOCIATED BANC-CORP common stock and payable in shares following separation, pursuant to her distribution election on file.

Are Judith P. Greffin’s ASB transactions under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 plan is reported for the transactions disclosed for Judith P. Greffin.

How are the 36 dividend equivalent units for ASB stock expected to vest?

The 36 dividend equivalent units vest on the first anniversary of the grant of the restricted stock units to which they relate and are payable solely in shares of ASSOCIATED BANC-CORP common stock upon vesting, subject to any deferral election.

When are the fully vested dividend equivalents on ASB stock payable to Judith P. Greffin?

The 102 fully vested dividend equivalents are payable solely in shares of common stock following the date Judith P. Greffin ceases serving as a director of ASSOCIATED BANC-CORP.

When will Judith P. Greffin’s phantom stock units in ASB be distributed?

The phantom stock units will remain in her Stock Plan Services plan until separation from service and will be distributed in shares of common stock according to her distribution election on file.

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

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Available on EDGAR 09/17/2026 - 12:01 PM Accepted by SEC EDGAR 09/17/2026 - 12:01 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^*

Greffin Judith P

(Last) (First) (Middle)

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	17,777	D
Common Stock $0.01 Par Value	09/15/2026		A(2)		102	A	$30.32	17,879	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
Phantom Stock Unit	$0							(3)	(4)	Common Stock $0.01 Par Value	47,866.411		47,866.411	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 the acquisition.

4. Phantom stock units will remain in the Insider's Stock Plan Services plan until separation and be distributed pursuant to the Insider's distribution election on file.

	/s/ Lynn M. Floeter, attorney-in-fact for Judith P. Greffin	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)