Associated Banc-Corp (NYSE: ASB) EVP sells 90,573 shares after option exercise

Rhea-AI Filing Summary

Randall J. Erickson, executive vice president of Associated Banc-Corp, reported transactions dated July 30, 2026. He exercised non-qualified stock options to acquire 26,480 common shares at $25.20 per share, eliminating that option position, and sold 90,573 common shares at a weighted average of $30.755 in open-market trades at prices ranging from $30.605 to $30.86.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Erickson Randall J.

Role Executive Vice President

Sold 90,573 shs ($2.79M)

Approx. gross sale proceeds $2.79M

Approx. exercise cost $667K

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy) F2	26,480	$0.00	$0.00
Sale	Common Stock $0.01 Par Value F1	90,573	$30.755	$2.79M
Exercise	Common Stock $0.01 Par Value	26,480	$25.20	$667K

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 shares (Direct); Common Stock $0.01 Par Value — 75,022 shares (Direct)

Footnotes (2)

1. F1. The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.605 to $30.86, inclusive. The reporting person undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes above.
2. F2. Option vests in four equal annual installments beginning on February 8, 2018.

Key Figures

Shares sold: 90,573 shares Sale price (weighted average): $30.755 per share Options exercised: 26,480 shares +3 more

6 metrics

Shares sold 90,573 shares Common stock sale on 2026-07-30 at weighted average price

Sale price (weighted average) $30.755 per share Open-market sale with trades between $30.605 and $30.86

Options exercised 26,480 shares Non-qualified stock options converted into common stock on 2026-07-30

Option exercise price $25.20 per share Strike price of the exercised non-qualified stock option

Option expiration 2027-02-06 Expiration date of the exercised stock option grant

Options remaining from this grant 0 options Derivative position in this option series after exercise

Key Terms

Non-qualified Stock Option (Right to Buy), weighted average price, open market or private transaction

3 terms

Non-qualified Stock Option (Right to Buy) financial

"Security titled "Non-qualified Stock Option (Right to Buy)""

weighted average price financial

"The price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Sale in open market or private transaction"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 03:11 PM Accepted by SEC EDGAR 08/03/2026 - 03:10 PM Learn about SEC filing dates

FAQ

What insider transactions did ASB executive Randall J. Erickson report?

Randall J. Erickson reported two main transactions: he exercised non-qualified stock options for 26,480 Associated Banc-Corp common shares at $25.20 per share and sold 90,573 common shares in open-market trades at a weighted average price of $30.755.

How many Associated Banc-Corp (ASB) shares did Randall J. Erickson sell and at what price?

He sold 90,573 Associated Banc-Corp common shares at a weighted average price of $30.755 per share. The sale comprised multiple trades executed between $30.605 and $30.86 per share, inclusive, as disclosed in the transaction footnote.

What stock options did Randall J. Erickson exercise at Associated Banc-Corp (ASB)?

Erickson exercised a non-qualified stock option for 26,480 Associated Banc-Corp common shares at an exercise price of $25.20 per share. Following this exercise, the reported derivative position for that specific option grant was reduced to 0 options outstanding.

Over what price range were Randall J. Erickson’s ASB share sales executed?

The 90,573 Associated Banc-Corp shares were sold in multiple transactions at prices ranging from $30.605 to $30.86 per share. The reported per-share sale price of $30.755 represents the weighted average across these individual trades.

What is the vesting schedule of the option Randall J. Erickson exercised at ASB?

The exercised non-qualified stock option was scheduled to vest in four equal annual installments beginning on February 8, 2018. By the reported transaction date, the option had vested under that schedule, permitting exercise of 26,480 underlying common shares at $25.20 per share.

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^*

Erickson Randall J.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026

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	07/30/2026		S		90,573	D	$30.755(1)	48,542	D
Common Stock $0.01 Par Value	07/30/2026		M		26,480	A	$25.2	75,022	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
Non-qualified Stock Option (Right to Buy)	$25.2	07/30/2026		M			26,480	(2)	02/06/2027	Common Stock $0.01 Par Value	26,480	$0	0	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.605 to $30.86, inclusive. The reporting person undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes above.

2. Option vests in four equal annual installments beginning on February 8, 2018.

	/s/ Lynn M. Floeter, attorney-in-fact for Randall J. Erickson	08/03/2026
	** 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)