[Form 4] ASSOCIATED BANC-CORP Insider Trading Activity

Rhea-AI Filing Summary

Phillip Trier, Executive Vice President and officer of Associated Banc-Corp (ASB) reported a small acquisition of common stock on 09/15/2025 through the company's dividend reinvestment plan. The filing shows 45.231 shares were acquired at a price of $26.2265 per share under a Rule 16a-11 dividend reinvestment transaction. After the transaction, Mr. Trier is recorded as beneficially owning 22,647.838 shares directly. The Form 4 was signed by an authorized POA on 09/17/2025.

Insights

Securities Analyst

TL;DR: Routine insider purchase via dividend reinvestment, signals maintenance of existing stake but is not materially transformative.

The transaction is coded J(1), indicating a dividend reinvestment exempt under Rule 16a-11, and the acquired amount (45.231 shares) is modest relative to the reported post-transaction holding of 22,647.838 shares. This is a routine mechanism for insiders to increase holdings without an open-market trade and does not suggest an active, discretionary buying program. Pricing at $26.2265 reflects the per-share reinvestment valuation on the transaction date. For investors, this filing documents insider continuity rather than a material change in ownership.

Corporate Governance Expert

TL;DR: Governance-compliant disclosure of a dividend reinvestment; paperwork is properly executed and signed by POA.

The Form 4 identifies Mr. Trier as an EVP and appropriately checks the officer box. The filing discloses the Rule 16a-11 exemption and includes an explanation referencing the dividend reinvestment plan. The signature block shows a power of attorney signature dated 09/17/2025, which is common practice for timely filings. There are no indications of atypical transactions or reporting irregularities in the provided content.

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
Estimated average burden
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^*

Trier Phillip

(Last) (First) (Middle)

C/O ASSOCIATED BANC-CORP

(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)
09/15/2025

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	09/15/2025		J(1)	V	45.231	A	$26.2265	22,647.838	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. The reporting person acquired these shares under a dividend reinvestment plan, pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11.

	/s/ Lynn M. Floeter, by POA from Phillip Trier	09/17/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did ASB insider Phillip Trier report on Form 4?

He acquired 45.231 shares of Associated Banc-Corp common stock via a dividend reinvestment plan on 09/15/2025, coded as a Rule 16a-11 exempt transaction.

How many shares does Phillip Trier beneficially own after the reported transaction?

The filing reports Mr. Trier beneficially owning 22,647.838 shares following the transaction.

At what price were the shares acquired in the Form 4 filing?

The per-share price shown for the reinvested dividend shares is $26.2265.

Who signed the Form 4 for Phillip Trier and when?

The Form 4 is signed by Lynn M. Floeter, by POA from Phillip Trier on 09/17/2025.

What does transaction code J(1) mean in this filing?

Here, code J(1) denotes acquisition of shares pursuant to a dividend reinvestment transaction exempt from Section 16 under Rule 16a-11, as explained in the filing.