Associated Banc-Corp Insider Buy: John Utz Acquires 53.73 Shares

Rhea-AI Filing Summary

Associated Banc-Corp director and Executive Vice President John A. Utz reported an insider transaction on Form 4 showing a purchase of 53.7318 shares of the issuer's common stock at a price of $25.079 on 08/15/2025. After the reported transaction, the filing shows 116,227.6639 shares beneficially owned directly. The report also discloses indirect beneficial ownership of 15,367.72 shares held in a 401(k) plan. The filing notes the purchase was made under the company's Employee Stock Purchase Plan and is signed by an attorney-in-fact on 08/18/2025.

Insights

Financial Analyst

Insider purchased a small number of shares via an employee plan; ownership remains large and largely unchanged.

The transaction is a routine employee stock purchase of 53.7318 shares at $25.079 under the company's Employee Stock Purchase Plan. The reported post-transaction direct beneficial ownership of 116,227.6639 shares indicates the reporting person already holds a substantial stake. This type of purchase typically signals continued participation in company compensation programs rather than a material change in ownership or strategy.

Corporate Governance Expert

Disclosure is standard and compliant; transaction was executed via an employee purchase plan and properly reported.

The Form 4 contains required details: transaction date, amount, price, and ownership following the transaction, plus indirect holdings in a 401(k) plan. The explanation states the purchase was made through the Employee Stock Purchase Plan and the form is signed by an authorized attorney-in-fact, reflecting routine insider reporting practices.

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^*

Utz John A.

(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)
08/15/2025

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	08/15/2025		J(1)	V	53.7318	A	$25.079	116,227.6639	D
Common Stock $0.01 Par Value								15,367.72	I	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 purchased within the Issuer's Employee Stock Purchase Plan.

	/s/ Lynn M. Floeter, attorney-in-fact for John A. Utz	08/18/2025
	** 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 transaction did John A. Utz report on the Form 4 for ASB?

The Form 4 reports a purchase of 53.7318 shares of Associated Banc-Corp common stock at $25.079 on 08/15/2025.

How many shares does John A. Utz beneficially own after the reported transaction?

The filing shows 116,227.6639 shares beneficially owned following the reported transaction.

Does the filing disclose any indirect holdings for John A. Utz?

Yes. The Form 4 discloses indirect beneficial ownership of 15,367.72 shares held in a 401(k) plan.

Under what plan was the share purchase made?

The explanation states the shares were purchased within the issuer's Employee Stock Purchase Plan.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by Lynn M. Floeter, attorney-in-fact for John A. Utz on 08/18/2025.