[Form 4] Associated Banc-Corp Insider Trading Activity

Rhea-AI Filing Summary

Nicole M. Kitowski, Executive Vice President of Associated Banc-Corp (ASB), is the reporting person on this Form 4. The filing discloses a transaction dated 08/15/2025 in which shares of the issuer's common stock were acquired through the company’s Employee Stock Purchase Plan.

The Form shows an acquisition of 29.242 shares at a purchase price of $25.079 per share and indicates 45,032.2636 shares beneficially owned following the transaction. The filing also reports an indirect holding of 3,164 shares through a 401(k) plan. The Form was signed by an attorney-in-fact on behalf of Ms. Kitowski on 08/18/2025.

Positive

• Insider purchase disclosed: Executive Vice President acquired shares under the ESPP, showing participation in company equity programs.
• Complete disclosure: Form 4 includes transaction date, shares acquired, price, post-transaction beneficial ownership and signature by attorney-in-fact.

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer purchase via ESPP shows insider participation but is routine and non-derivative.

This Form 4 reports a small, routine acquisition under the issuer's Employee Stock Purchase Plan. The disclosed 29.242 share purchase at $25.079 is a non-derivative transaction and therefore represents direct insider buying activity rather than option exercise or derivative trades. The reported post-transaction beneficial ownership of 45,032.2636 shares provides a snapshot of the officer's stake but does not, by itself, indicate a material change in control or ownership percentage. For investors, such ESPP purchases typically reflect participation in company compensation programs rather than signaling major strategic moves.

Corporate Governance Expert

TL;DR: Filing is procedurally complete and documents ESPP acquisition; no governance red flags noted.

The Form 4 includes required details: reporting person identity, relationship to issuer (Executive Vice President), transaction date, number of shares acquired, and price. The explanation clarifies the transaction arose from the Employee Stock Purchase Plan, and the form bears an attorney-in-fact signature. There are no indications of unusual timing, derivative use, or disposal of shares that would raise governance or compliance concerns. The disclosure appears consistent with routine insider reporting obligations.

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
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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^*

Kitowski Nicole M

(Last) (First) (Middle)

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	29.242	A	$25.079	45,032.2636	D
Common Stock $0.01 Par Value								3,164	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 Nicole M. Kitowski	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 ASB insider Nicole M. Kitowski report on Form 4?

The Form 4 reports an acquisition of 29.242 shares of Associated Banc-Corp common stock on 08/15/2025 through the company’s Employee Stock Purchase Plan.

At what price were the ASB shares purchased in the Form 4?

The reported purchase price was $25.079 per share.

How many ASB shares does the filing show Ms. Kitowski owns after the transaction?

The filing indicates 45,032.2636 shares beneficially owned following the reported transaction and an indirect holding of 3,164 shares in a 401(k) plan.

Why was this transaction made according to the Form 4?

The filing explains the shares were purchased within the issuer’s Employee Stock Purchase Plan.

Who signed the Form 4 for Nicole M. Kitowski and when?

The Form 4 was signed by Lynn M. Floeter, attorney-in-fact, on 08/18/2025.