Associated Banc-Corp (NYSE: ASB) EVP Utz reports stock sales and option exercise

Rhea-AI Filing Summary

Associated Banc-Corp executive John A. Utz reported several stock transactions. On December 9, 2025, he sold 128 shares of Associated Banc-Corp common stock at $26.41 per share and 1,872 shares at $26.411 per share. He also exercised a non-qualified stock option to acquire 135 shares at an exercise price of $17.38 per share, then sold those 135 shares at $26.45 per share. After these transactions, he beneficially owned 109,841.6852 shares of common stock directly and 15,499.26 shares indirectly through a 401(k) plan. Utz is listed as an Executive Vice President of Associated Banc-Corp, and this Form 4 was filed for a single reporting person.

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

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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^*

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)
12/09/2025

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	12/09/2025		S		128	D	$26.41	111,713.6852	D
Common Stock $0.01 Par Value	12/09/2025		S		1,872	D	$26.411	109,841.6852	D
Common Stock $0.01 Par Value	12/09/2025		M		135	A	$17.38	109,976.6852	D
Common Stock $0.01 Par Value	12/09/2025		S		135	D	$26.45	109,841.6852	D
Common Stock $0.01 Par Value								15,499.26	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
Non-qualified Stock Option (Right to Buy)	$17.38	12/09/2025		M			135	(1)	02/01/2026	Common Stock $0.01 Par Value	135	$0	0	D

Explanation of Responses:

1. Option vests in four equal annual installments beginning on February 8, 2017.

	/s/ Lynn M. Floeter, attorney-in-fact for John A. Utz	12/10/2025
	** 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).
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FAQ

What insider transaction did Associated Banc-Corp (ASB) report for John A. Utz?

The filing shows that Executive Vice President John A. Utz reported multiple transactions in Associated Banc-Corp common stock on December 9, 2025, including stock sales and an option exercise.

How many Associated Banc-Corp (ASB) shares did John A. Utz sell and at what prices?

John A. Utz sold 128 shares at $26.41 per share, 1,872 shares at $26.411 per share, and 135 shares at $26.45 per share of Associated Banc-Corp common stock.

What stock option activity did John A. Utz report in Associated Banc-Corp (ASB)?

He exercised a non-qualified stock option with an exercise price of $17.38 per share for 135 shares of Associated Banc-Corp common stock, then sold those 135 shares on the same date.

How many Associated Banc-Corp (ASB) shares does John A. Utz own after these transactions?

Following the reported transactions, John A. Utz beneficially owned 109,841.6852 shares of Associated Banc-Corp common stock directly and 15,499.26 shares indirectly through a 401(k) plan.

What is John A. Utz’s role at Associated Banc-Corp (ASB)?

John A. Utz is identified as an Officer of Associated Banc-Corp, with the title Executive Vice President.

What does the Form 4 for Associated Banc-Corp (ASB) indicate about group filing status?

The filing indicates that it is a Form filed by one reporting person, meaning no joint or group filing was made for these transactions.