Was the 36-share transaction for ASB a market trade or a compensation grant?

The 36-share transaction was a compensation-related grant at $29.22 per share, coded as an award acquisition. It was not an open-market buy or sell, but rather part of Warsek’s stock-based executive compensation program.

ASSOCIATED BANC-CORP (ASB) EVP reports small stock grant and 401(k) holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP executive Gregory Warsek reported a small stock-based compensation grant. On 2026-06-15, he acquired 36 shares of common stock as a grant at $29.22 per share, a non-market transaction classified as a grant or award.

Following this award, Warsek directly holds 17,091 shares of common stock. He also has an additional 28,342.1 shares held indirectly through a 401(k) plan. A related footnote explains that dividend equivalent units on vested shares may be deferred and remain in the Executive's Deferred Compensation Plan until distributed under his elections.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Warsek Gregory

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $0.01 Par Value	36	$29.22	$1K
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 17,091 shares (Direct, null); Common Stock $0.01 Par Value — 28,342.1 shares (Indirect, By 401(K) Plan)

Footnotes (1)

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Key Figures

Stock grant: 36 shares Grant price: $29.22 per share Direct holdings after grant: 17,091 shares +1 more

4 metrics

Stock grant 36 shares Grant or award on 2026-06-15

Grant price $29.22 per share Price for 36-share award

Direct holdings after grant 17,091 shares Common stock directly held after 2026-06-15

401(k) plan holdings 28,342.1 shares Common stock held indirectly via 401(k) plan

Key Terms

Dividend equivalent units, Executive's Deferred Compensation Plan, 401(K) Plan

3 terms

Dividend equivalent units financial

"Dividend equivalent units earned on vested shares, a portion of which the reporting person has elected to defer"

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.

Executive's Deferred Compensation Plan financial

"which will remain in the Executive's Deferred Compensation Plan until distributed"

401(K) Plan financial

"nature_of_ownership": "By 401(K) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 12:52 PM

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^*

Warsek Gregory

(Last)

(First)

(Middle)

C/O ASSOCIATED BANK 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)
	EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock $0.01 Par Value	06/15/2026		A⁽¹⁾		36	A	$29.22	17,091	D
Common Stock $0.01 Par Value								28,342.1	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Dividend equivalent units earned on vested shares, a portion of which the reporting person has elected to defer upon vesting, and which will remain in the Executive's Deferred Compensation Plan until distributed pursuant to the reporting person's distribution election on file.

	/s/ Lynn M. Floeter, by POA from Gregory Warsek	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did ASSOCIATED BANC-CORP EVP Gregory Warsek report in this Form 4 for ASB?

Gregory Warsek reported receiving a grant of 36 shares of ASSOCIATED BANC-CORP common stock at $29.22 per share. This was a stock-based compensation award, not an open-market purchase or sale, and reflects routine executive equity compensation.

How many ASB shares does Gregory Warsek hold after the reported Form 4 transactions?

After the reported activity, Gregory Warsek directly holds 17,091 shares of ASSOCIATED BANC-CORP common stock. He also has 28,342.1 shares held indirectly through a 401(k) plan, giving a combined position across direct and retirement-plan holdings.

What does the Form 4 say about dividend equivalent units for ASB executive Gregory Warsek?

The filing notes that dividend equivalent units earned on vested shares may be deferred at Warsek’s election. These units remain in the Executive's Deferred Compensation Plan until distributed according to his distribution election on file with the company.

How are Gregory Warsek’s indirect ASB holdings structured in this Form 4?

Warsek’s indirect holdings consist of 28,342.1 shares of ASSOCIATED BANC-CORP common stock held through a 401(k) plan. These are reported separately from his 17,091 directly held shares, clarifying his retirement-plan position versus personal ownership.