Associated Banc-Corp (ASB) EVP boosts holdings through employee stock purchase plan

Rhea-AI Filing Summary

ASSOCIATED BANC-CORP executive Steven S. Zandpour increased his holdings through the company’s employee stock purchase plan. On March 16, he acquired 96.8994 shares of common stock at $24.9180 per share under the plan. Following this routine compensation-related transaction, he directly owns 18,213.0214 common shares.

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^*

ZANDPOUR STEVEN S.

(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)
	EVP

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		J(1)	V	96.8994	A	$24.918	18,213.0214	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

Explanation of Responses:

1. Shares were purchased within the Issuer's Employee Stock Purchase Plan.

	/s/ Lynn M. Floeter, by POA for Steven S. Zandpour	03/17/2026
	** 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 ASB EVP Steven S. Zandpour report?

Steven S. Zandpour reported acquiring 96.8994 shares of Associated Banc-Corp common stock. The shares were purchased through the company’s Employee Stock Purchase Plan at $24.9180 per share, reflecting a routine, compensation-related increase in his ownership position.

At what price were Steven S. Zandpour’s ASB shares acquired?

The shares were acquired at $24.9180 per share. This price applies to 96.8994 shares of Associated Banc-Corp common stock purchased within the company’s Employee Stock Purchase Plan on March 16, as disclosed in the insider filing.

How many ASB shares does Steven S. Zandpour own after this transaction?

After the transaction, Steven S. Zandpour directly owns 18,213.0214 shares of Associated Banc-Corp common stock. This reflects his updated direct holdings following the 96.8994-share purchase through the Employee Stock Purchase Plan disclosed in the Form 4.

What does the footnote in Steven S. Zandpour’s ASB Form 4 explain?

The footnote explains that the reported shares were purchased within Associated Banc-Corp’s Employee Stock Purchase Plan. This clarifies that the acquisition is a routine, plan-based transaction rather than an open-market trade or discretionary restructuring of his ownership.

Is Steven S. Zandpour’s ASB transaction a buy or a sale?

The transaction is an acquisition of shares, not a sale. Steven S. Zandpour obtained 96.8994 Associated Banc-Corp shares through the Employee Stock Purchase Plan, increasing his direct ownership to 18,213.0214 shares as reflected in the Form 4 filing.