Associated Banc-Corp (NYSE: ASB) director discloses new stock award grants

Rhea-AI Filing Summary

Associated Banc-Corp director R. Jay Gerken reported acquiring additional common stock and stock-based units on 12/15/2025. He acquired 45 and 307 shares of common stock at $26.94 per share, bringing his directly held common stock to 45,372 shares.

The filing also shows 41,499 phantom stock units tied to Associated Banc-Corp common stock. Certain units are dividend equivalents on restricted stock units that vest on the first anniversary of the related grant and are payable solely in shares, while other dividend equivalents are fully vested but payable in shares after he ceases serving as a director. Phantom stock units remain in the plan until separation and are then distributed according to his prior election.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider GERKEN R JAY

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock $0.01 Par Value	45	$26.94	$1K
Grant/Award	Common Stock $0.01 Par Value	307	$26.94	$8K
holding	Phantom Stock Unit	--	--	--

Holdings After Transaction: Common Stock $0.01 Par Value — 45,065 shares (Direct); Phantom Stock Unit — 41,499 shares (Direct)

Footnotes (1)

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). 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. Stock units are 100% vested at the time of the acquisition. Phantom stock units will remain in the Insider's Stock Plan Services plan until separation and be distributed pursuant to the Insider's distribution election on file.

Form 4 Insider Transactions: What Each Field Means →

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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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^*

GERKEN R JAY

(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)

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	45,065	D
Common Stock $0.01 Par Value	12/15/2025		A(2)		307	A	$26.94	45,372	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
Phantom Stock Unit	$0							(3)	(4)	Common Stock $0.01 Par Value	41,499		41,499	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 the acquisition.

4. Phantom stock units will remain in the Insider's Stock Plan Services plan until separation and be distributed pursuant to the Insider's distribution election on file.

	/s/ Lynn M. Floeter, attorney-in-fact for R. Jay Gerken	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) disclose on 12/15/2025?

The company disclosed that director R. Jay Gerken acquired additional common stock, with reported transactions on 12/15/2025 for new share awards and related stock-based units.

How many Associated Banc-Corp (ASB) shares does director R. Jay Gerken hold after these transactions?

After the reported transactions, director R. Jay Gerken beneficially owns 45,372 shares of Associated Banc-Corp common stock in direct ownership.

At what price were the new Associated Banc-Corp (ASB) shares acquired?

The Form 4 shows two acquisitions of Associated Banc-Corp common stock at a price of $26.94 per share.

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

Dividend equivalent units relate to restricted stock units. Some vest on the first anniversary of the related RSU grant and are payable solely in shares upon vesting, while others are fully vested dividend equivalents payable in shares after the director ceases serving.

How many phantom stock units linked to Associated Banc-Corp (ASB) stock does the director hold?

The filing reports 41,499 phantom stock units, each tied to Associated Banc-Corp common stock, with the same number shown as derivative securities beneficially owned.

When will the phantom stock units for Associated Banc-Corp (ASB) be distributed?

The phantom stock units will remain in the Stock Plan Services account until the director’s separation and will be distributed based on the distribution election he has on file.