Associated Banc-Corp (ASB) director reports stock and phantom unit holdings

Rhea-AI Filing Summary

Associated Banc-Corp director Eileen A. Kamerick reported acquiring additional common stock through dividend-equivalent awards. On 12/15/2025, she acquired 45 and 377 shares of common stock at $26.94 per share in two separate transactions. Following these acquisitions, she beneficially owned 51,279 shares of common stock directly.

She also holds 30,861.059 phantom stock units tied to Associated Banc-Corp common stock, which are fully vested and remain in a nonqualified benefit plan until distributed under her elections. The filing explains that dividend equivalent units vest with the related restricted stock units and are payable solely in shares of common stock, with some amounts delivered after she ceases serving as a director.

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

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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^*

KAMERICK EILEEN A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		A(1)		45	A	$26.94	50,902	D
Common Stock $0.01 Par Value	12/15/2025		A(2)		377	A	$26.94	51,279	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	30,861.059		30,861.059	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 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 Eileen A. Kamerick	12/16/2025
	** 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.

FAQ

What insider stock transactions did Associated Banc-Corp (ASB) report for this director?

On 12/15/2025, director Eileen A. Kamerick reported two acquisitions of Associated Banc-Corp common stock: 45 shares and 377 shares, each at a price of $26.94 per share.

How many Associated Banc-Corp (ASB) shares does the director beneficially own after these transactions?

After the reported transactions on 12/15/2025, the director beneficially owned 51,279 shares of Associated Banc-Corp common stock directly.

What are the phantom stock units reported for the Associated Banc-Corp (ASB) director?

The director holds 30,861.059 phantom stock units with a conversion price of $0, representing an equivalent number of Associated Banc-Corp common shares, all held directly.

How do the dividend equivalent units work for the Associated Banc-Corp (ASB) director awards?

Dividend equivalent units vest on the first anniversary of the related restricted stock unit grant and are payable solely in shares of common stock upon vesting, subject to possible deferral elections by the director.

When are certain dividend equivalents paid to the Associated Banc-Corp (ASB) director?

The filing states that some fully vested dividend equivalents on restricted stock units are payable solely in shares of common stock following the date the director ceases serving as a director.

What happens to the Associated Banc-Corp (ASB) director’s phantom stock units over time?

The phantom stock units remain in the director’s nonqualified benefit plan account until the balance is distributed in accordance with the director’s distribution elections on file.