ASB EVP surrenders 809 shares for tax withholding

ASSOCIATED BANC-CORP Executive Vice President Matthew R. Braeger reported a routine tax-related share surrender.

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP Executive Vice President Matthew R. Braeger reported a routine tax-related share surrender. On 02/08/2026, he surrendered 809 shares of common stock at $29.37 per share to cover withholding taxes tied to vesting of time-based restricted stock granted in 2022–2025.

After this transaction, he beneficially owned 14,021.0966 common shares directly and 779.5 shares indirectly through a 401(k) plan. This filing reflects tax withholding, not an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 809 shares

Exercise Price or Tax Liability 2 txns

Insider Braeger Matthew R

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock $0.01 Par Value	809	$29.37	$24K
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 14,021.0966 shares (Direct); Common Stock $0.01 Par Value — 779.5 shares (Indirect, By 401(K) Plan)

Footnotes (1)

1. F1. Shares were surrendered to satisfy tax withholding obligations arising from the tranche vesting of time-based restricted stock granted in 2022, 2023, 2024 & 2025.

FAQ

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

What insider transaction did ASB Executive Vice President Matthew R. Braeger report?

Matthew R. Braeger reported surrendering 809 shares of Associated Banc-Corp common stock. The shares were withheld to satisfy tax obligations from vesting restricted stock grants made in 2022, 2023, 2024 and 2025, rather than being sold on the open market.

At what price were Matthew R. Braeger’s ASB shares surrendered for taxes?

The 809 Associated Banc-Corp common shares were surrendered at $29.37 per share. This price reflects the value used for tax withholding arising from vesting of multiple years of time-based restricted stock awards granted between 2022 and 2025.

How many ASB shares does Matthew R. Braeger own after this Form 4 transaction?

After the tax-withholding surrender, Matthew R. Braeger beneficially owns 14,021.0966 Associated Banc-Corp common shares directly. He also holds an additional 779.5 shares indirectly through a 401(k) plan, according to the reported beneficial ownership figures.

Was Matthew R. Braeger’s ASB Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The filing notes the 809 shares were surrendered solely to cover tax withholding obligations triggered by vesting of time-based restricted stock granted in 2022, 2023, 2024 and 2025.

What role does Matthew R. Braeger hold at Associated Banc-Corp (ASB)?

Matthew R. Braeger serves as an Executive Vice President at Associated Banc-Corp. His insider status as an officer requires him to report changes in beneficial ownership of company stock, including tax-related share surrenders, on Form 4 with the SEC.

How are ASB shares held indirectly by Matthew R. Braeger reported?

Indirect holdings are reported separately from direct ownership. The Form 4 shows 779.5 Associated Banc-Corp common shares held indirectly for Matthew R. Braeger through a 401(k) plan, in addition to his directly held 14,021.0966 shares after the transaction.

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

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Accepted by SEC EDGAR 02/10/2026 - 01:51 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)
02/08/2026

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	02/08/2026		F(1)		809	D	$29.37	14,021.0966	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. Shares were surrendered to satisfy tax withholding obligations arising from the tranche vesting of time-based restricted stock granted in 2022, 2023, 2024 & 2025.

	/s/ Lynn M. Floeter, attorney-in-fact for Matthew R. Braeger	02/10/2026
	** 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.