Associated Banc-Corp (NYSE: ASB) director reports dividend and phantom units

Rhea-AI Filing Summary

Associated Banc-Corp director Karen van Lith reported additional common stock awards effective 12/15/2025. Two transactions credited 45 and 377 shares of common stock at $26.94, bringing her directly owned common shares to 55,772. The filing shows no common stock currently held indirectly through an IRA.

She also holds 28,119.933 phantom stock units, with the same number of shares of common stock shown as the underlying security. Certain units are dividend equivalent units that vest on the first anniversary of related restricted stock units and are payable solely in shares of common stock upon vesting, subject to deferral if she so elects. Other dividend equivalents are fully vested and payable in shares after she ceases serving as a director, and the phantom stock units remain in a nonqualified benefit plan until distributed under her elections.

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

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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^*

VAN LITH KAREN

(Last) (First) (Middle)

C/O 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	55,395	D
Common Stock $0.01 Par Value	12/15/2025		A(2)		377	A	$26.94	55,772	D
Common Stock $0.01 Par Value								0	I	IRA

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	28,119.933		28,119.933	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 acquisition.

4. Phantom stock units will remain in Insider's nonqualified benefit plan until such plan account balance is distributed pursuant to Insider's distribution election(s) on file.

	/s/ Lynn M. Floeter, attorney-in-fact for Karen van Lith	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Associated Banc-Corp (ASB) report in this filing?

The filing shows that director Karen van Lith acquired 45 and 377 shares of Associated Banc-Corp common stock on 12/15/2025 through dividend-equivalent awards priced at $26.94 per share, increasing her directly owned holdings to 55,772 shares.

How many Associated Banc-Corp (ASB) shares does the director own after the reported transactions?

After the reported 12/15/2025 transactions, director Karen van Lith beneficially owns 55,772 shares of Associated Banc-Corp common stock in direct form.

What are the dividend equivalent units reported for Associated Banc-Corp (ASB)?

The filing describes dividend equivalent units that vest on the first anniversary of the related restricted stock units and are payable solely in shares of common stock upon vesting, subject to deferral if elected, and fully vested dividend equivalents on restricted stock units that are payable solely in shares after the director ceases serving.

How many phantom stock units linked to Associated Banc-Corp (ASB) common stock are reported?

The report lists 28,119.933 phantom stock units with an underlying title of Associated Banc-Corp common stock, and states that these stock units are 100% vested and held in a nonqualified benefit plan.

What is the vesting and distribution treatment of the phantom stock units for ASB?

The filing notes that the phantom stock units are 100% vested at acquisition and will remain in the Insider's nonqualified benefit plan until the account balance is distributed according to the Insider's distribution elections on file.

Does the Associated Banc-Corp (ASB) director hold any indirect shares through an IRA after this filing?

Table I shows 0 shares of Associated Banc-Corp common stock held indirectly through an IRA, indicating no current indirect holdings in that account.