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Associated Banc-Corp (NYSE: ASB) director granted stock and phantom units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP director Gale E. Klappa reported two non-derivative stock awards on 2025-12-15, receiving 45 and 182 shares of common stock at $26.94 per share. Following these awards, he directly holds 26,058 common shares. He also holds phantom stock units representing 41,499 underlying common shares with a $0.00 exercise price; footnotes state certain dividend equivalent and phantom units are payable solely in common stock, generally upon vesting or separation from board service.

Positive

  • None.

Negative

  • None.
Insider KLAPPA GALE E
Role Director
Type Security Shares Price Value
Grant/Award Common Stock $0.01 Par Value 45 $26.94 $1K
Grant/Award Common Stock $0.01 Par Value 182 $26.94 $5K
holding Phantom Stock Unit -- -- --
Holdings After Transaction: Common Stock $0.01 Par Value — 26,058 shares (Direct); Phantom Stock Unit — 41,499 shares (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.
Common stock award 1 45 shares at $26.94 Non-derivative stock grant to director on 2025-12-15
Common stock award 2 182 shares at $26.94 Second non-derivative stock grant to director on 2025-12-15
Direct common stock holdings 26,058 shares Post-transaction direct ownership of common stock
Phantom stock units underlying shares 41,499 shares Underlying common shares linked to phantom stock units; exercise price $0.00
Phantom Stock Unit financial
"Phantom stock units will remain in the Insider's Stock Plan Services plan until separation"
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
"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.
Stock Plan Services plan financial
"Phantom stock units will remain in the Insider's Stock Plan Services plan until separation"

FAQ

What insider transactions did ASB director Gale E. Klappa report on this Form 4?
Gale E. Klappa reported two stock awards on 2025-12-15, receiving 45 and 182 shares of Associated Banc-Corp common stock at $26.94 per share, plus updated disclosure of his phantom stock unit holdings.

How many ASB common shares does Gale E. Klappa hold after these transactions?
After the reported awards, Gale E. Klappa directly holds 26,058 shares of Associated Banc-Corp common stock. This figure reflects his post-transaction balance as disclosed in the holdings section of the filing.

What price was used for Gale E. Klappa’s ASB stock awards on 2025-12-15?
Both reported stock awards used a reference price of $26.94 per share. The transactions are coded as grants or awards, indicating a compensation-related acquisition rather than an open-market purchase.

How do the dividend equivalent and phantom units for ASB stock pay out for Gale E. Klappa?
Footnotes state certain dividend equivalent units vest on the first anniversary of related restricted stock units and are payable only in common shares, while phantom stock units remain in the plan and are distributed in stock according to Klappa’s elected distribution timing.

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Form 4 Insider Transactions: What Each Field Means →
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*
KLAPPA GALE E
(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)
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 25,876 D
Common Stock $0.01 Par Value 12/15/2025 A(2) 182 A $26.94 26,058 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 41,499 41,499 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 Gale E. Klappa 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.

Source: View Original Filing on SEC EDGAR