Associated Banc-Corp EVP exercises options, sells 30,489 ASB shares

Associated Banc-Corp executive Patrick Edward Ahern reported multiple stock option exercises and a share sale on 12/04/2025.

Rhea-AI Filing Summary

Associated Banc-Corp executive Patrick Edward Ahern reported multiple stock option exercises and a share sale on 12/04/2025. As an Executive Vice President, he exercised options to acquire 13,356 shares of common stock at $24.70 per share and 17,133 shares at $23.45 per share. On the same day, he sold 30,489 shares of common stock at a weighted average price of $25.70 per share, with individual sale prices ranging from $25.68 to $25.72. Following these transactions, he directly held 41,188 shares of Associated Banc-Corp common stock and indirectly held 5,461.07 shares through a 401(k) plan. The options exercised related to grants vesting in four equal annual installments beginning on 2/8/2019 and 2/8/2020.

Insider Trade Summary

Exercise and Sale: 30,489 shares ($52K approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Ahern Patrick Edward

Role Executive Vice President

Sold 30,489 shs ($784K)

Approx. gross sale proceeds $784K

Approx. exercise cost $732K

Approx. pre-tax spread $52K

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy)	13,356	$0.00	$0.00
Exercise	Non-qualified Stock Option (Right to Buy)	17,133	$0.00	$0.00
Exercise	Common Stock $0.01 Par Value	13,356	$24.70	$330K
Sale	Common Stock $0.01 Par Value	30,489	$25.70	$784K
Exercise	Common Stock $0.01 Par Value	17,133	$23.45	$402K
holding	Common Stock $0.01 Par Value	--	--	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock $0.01 Par Value — 41,188 shares (Direct); Common Stock $0.01 Par Value — 5,461.07 shares (Indirect, 401(k) plan)

Footnotes (3)

1. F1. The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.68 to $25.72, inclusive. The reporting person undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes above.
2. F2. Option vests in four equal annual installments beginning on 2/8/2019.
3. F3. Option vests in four equal annual installments beginning on 2/8/2020.

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Accepted by SEC EDGAR 12/08/2025 - 12:28 PM Learn about SEC filing dates

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^*

Ahern Patrick Edward

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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	12/04/2025		M		13,356	A	$24.7	54,544	D
Common Stock $0.01 Par Value	12/04/2025		S		30,489	D	$25.7(1)	24,055	D
Common Stock $0.01 Par Value	12/04/2025		M		17,133	A	$23.45	41,188	D
Common Stock $0.01 Par Value								5,461.07	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)	$24.7	12/04/2025		M			13,356	(2)	03/01/2028	Common Stock $0.01 Par Value	13,356	$0	0	D
Non-qualified Stock Option (Right to Buy)	$23.45	12/04/2025		M			17,133	(3)	03/01/2029	Common Stock $0.01 Par Value	17,133	$0	0	D

Explanation of Responses:

1. The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.68 to $25.72, inclusive. The reporting person undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes above.

2. Option vests in four equal annual installments beginning on 2/8/2019.

3. Option vests in four equal annual installments beginning on 2/8/2020.

	/s/Lynn M. Floeter, attorney-in-fact for Patrick Edward Ahern	12/08/2025
	** 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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