Form 4: ASB EVP purchases shares via Employee Stock Purchase Plan

Rhea-AI Filing Summary

Associated Banc-Corp insider purchase by EVP, CHRO Julio Manso. The Form 4 reports a transaction dated 09/15/2025 coded J(1), indicating shares were acquired under the issuer's Employee Stock Purchase Plan. The reported price per share for the transaction is $26.161 and the Form shows a post-transaction beneficial ownership figure of 12,885.1718 shares. The filing lists the reporting person as Julio Manso, EVP, CHRO, and includes a signature dated 09/17/2025 executed by Lynn M. Floeter by power of attorney.

This disclosure is a routine Section 16 filing documenting an employee plan purchase and does not include derivative transactions or other dispositions in this Form 4.

Positive

• Insider bought shares under the Employee Stock Purchase Plan, indicating participation in company equity programs
• Clear disclosure of transaction date (09/15/2025), price ($26.161), and post-transaction beneficial ownership (12,885.1718 shares)
• Form properly signed via power of attorney on 09/17/2025, demonstrating compliance with filing requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine employee stock purchase by an executive at $26.161; small, non-material insider buy.

The Form 4 documents a purchase under the company ESPP on 09/15/2025 with a reported per-share price of $26.161 and a resulting beneficial ownership of 12,885.1718 shares. The transaction code J(1) and the explanatory note explicitly state the shares were acquired through the Employee Stock Purchase Plan. There are no sales, option exercises, or derivative instruments reported in this filing. For investors, this is a standard disclosure that confirms participation in a company plan rather than an open-market strategic purchase.

Corporate Governance Expert

TL;DR: Proper Section 16 reporting of ESPP acquisition; signed by POA and clearly identified reporting relationship.

The filing identifies Julio Manso as EVP, CHRO and marks the Form as filed by one reporting person. The signature is provided by a power of attorney, which is disclosed on the form. The explanation field states the shares were purchased within the issuer's Employee Stock Purchase Plan. The filing contains the necessary elements for compliance: transaction date, code, price, post-transaction ownership, and signature. This appears to be a routine, compliant insider disclosure.

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^*

Manso Julio

(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, CHRO

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	7.8839	A	$26.161	12,885.1718	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 from Julio Manso	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 did ASB insider Julio Manso report on Form 4?

The Form 4 reports an acquisition on 09/15/2025 under the Employee Stock Purchase Plan, with a reported price of $26.161 and post-transaction beneficial ownership of 12,885.1718 shares.

Was the transaction a market purchase or part of an employee plan?

The explanation on the form states the shares were purchased within the issuer's Employee Stock Purchase Plan.

What transaction code is used on the Form 4 and what does it indicate?

The filing uses transaction code J(1), which is the code reported on this Form 4 for the ESPP acquisition as shown in the document.

Who signed the Form 4 for Julio Manso?

The signature block shows /s/ Lynn M. Floeter, by POA from Julio Manso with a signature date of 09/17/2025.

Does the Form 4 report any derivative transactions or sales?

No derivative securities or dispositions are reported in this Form 4; the disclosure only documents the ESPP acquisition.