Associated Banc-Corp EVP sells 43,561 shares

ASSOCIATED BANC-CORP Executive Vice President Randall J. Erickson exercised 43,561 non-qualified stock options on August 12, 2026 at an exercise price of $20.32 per share, receiving an equal number of common shares.

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP Executive Vice President Randall J. Erickson exercised 43,561 non-qualified stock options on August 12, 2026 at an exercise price of $20.32 per share, receiving an equal number of common shares. He then sold 43,561 common shares at a weighted average price of $32.04 per share, with individual sale prices ranging from $32.03 to $32.06. The option had vested in four equal annual installments beginning on February 8, 2021 and carried an expiration date of February 4, 2030.

Insider Trade Summary

Exercise and Sale: 43,561 shares ($511K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Erickson Randall J.

Role Executive Vice President

Sold 43,561 shs ($1.40M)

Approx. gross sale proceeds $1.40M

Approx. exercise cost $885K

Approx. pre-tax spread $511K

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy) F2	43,561	$0.00	$0.00
Exercise	Common Stock $0.01 Par Value	43,561	$20.32	$885K
Sale	Common Stock $0.01 Par Value F1	43,561	$32.04	$1.40M

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock $0.01 Par Value — 56,091 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 $32.03 to $32.06, 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 vested in four equal annual installments beginning on February 8, 2021

Key Figures

Options Exercised: 43,561 shares Exercise Price: $20.32 per share Shares Sold: 43,561 shares +4 more

7 metrics

Options Exercised 43,561 shares Non-qualified stock options exercised on August 12, 2026

Exercise Price $20.32 per share Exercise price of non-qualified stock options

Shares Sold 43,561 shares Common stock sold on August 12, 2026

Weighted Average Sale Price $32.04 per share Weighted average for sales between $32.03 and $32.06

Sale Price Range $32.03–$32.06 per share Range of prices for multiple sale transactions

Option Expiration February 4, 2030 Expiration date of the non-qualified stock option grant

Option Vesting Start February 8, 2021 Vested in four equal annual installments beginning on this date

Key Terms

Non-qualified Stock Option (Right to Buy), weighted average price, Common Stock $0.01 Par Value, vested in four equal annual installments

4 terms

Non-qualified Stock Option (Right to Buy) financial

"security_title: 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.

Common Stock $0.01 Par Value financial

"underlying_security_title: Common Stock $0.01 Par Value"

vested in four equal annual installments financial

"Option vested in four equal annual installments beginning on February 8, 2021"

FAQ

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

What did ASB executive Randall J. Erickson report in this Form 4?

Randall J. Erickson, Executive Vice President of ASSOCIATED BANC-CORP (ASB), reported exercising 43,561 non-qualified stock options and selling 43,561 common shares on August 12, 2026 as part of an option exercise and immediate share sale transaction.

How many Associated Banc-Corp (ASB) options did Erickson exercise and at what price?

Erickson exercised 43,561 non-qualified stock options for Associated Banc-Corp (ASB) at an exercise price of $20.32 per share. Each option converted into one share of common stock, resulting in the acquisition of 43,561 common shares before the sale.

At what price did Erickson sell his Associated Banc-Corp (ASB) shares?

He sold 43,561 Associated Banc-Corp (ASB) common shares at a weighted average price of $32.04 per share. The Form 4 states the sales occurred in multiple transactions at prices ranging from $32.03 to $32.06 per share.

Was Erickson’s Form 4 transaction in ASB shares under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as an affirmative trading plan. The Form 4 does not indicate that these Associated Banc-Corp (ASB) transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.

What type of derivative security did Erickson hold in ASB before exercising?

Erickson held a Non-qualified Stock Option (Right to Buy) for 43,561 shares of Associated Banc-Corp (ASB) common stock. The option vested in four equal annual installments starting February 8, 2021 and had an expiration date of February 4, 2030 before exercise.

Did Erickson retain any Associated Banc-Corp (ASB) options from this grant after the transaction?

For this specific non-qualified stock option grant covering 43,561 shares, the Form 4 shows zero options remaining following exercise. The derivative position tied to this option series was fully exercised, leaving no balance reported for that grant.

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

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Available on EDGAR 08/13/2026 - 10:46 AM Accepted by SEC EDGAR 08/13/2026 - 10:45 AM 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^*

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)
08/12/2026

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	08/12/2026		M		43,561	A	$20.32	99,652	D
Common Stock $0.01 Par Value	08/12/2026		S		43,561	D	$32.04(1)	56,091	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)	$20.32	08/12/2026		M			43,561	(2)	02/04/2030	Common Stock $0.01 Par Value	43,561	$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 $32.03 to $32.06, 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 vested in four equal annual installments beginning on February 8, 2021

	/s/ Lynn M. Floeter, attorney-in-fact for Randall J. Erickson	08/13/2026
	** 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)