[Form 4] ASSOCIATED BANC-CORP Insider Trading Activity

Rhea-AI Filing Summary

Steven S. Zandpour, an executive of Associated Banc-Corp (ticker shown as ASB), reported an open-market transaction dated 09/15/2025 under Form 4. The filing shows 89.3521 shares acquired through the companys Employee Stock Purchase Plan at a price of $26.161 per share. After the transaction, the report lists 14,212.9498 shares beneficially owned by the reporting person. The form was signed on 09/17/2025 by a power of attorney on behalf of Mr. Zandpour. The filing identifies the reporting person as an EVP and indicates officer and director status.

Positive

• Disclosed ESPP purchase of 89.3521 shares at $26.161, showing transparent insider reporting
• Post-transaction beneficial ownership reported as 14,212.9498 shares, providing clear ownership context

Negative

• None.

Insights

Financial Analyst

TL;DR: Executive purchased 89.3521 shares via the ESPP, a routine insider participation signal without material size disclosed.

The transaction reflects an employee stock purchase plan acquisition at $26.161 per share on 09/15/2025. The reported post-transaction beneficial ownership is 14,212.9498 shares. This disclosure meets Section 16 reporting requirements and is signed by a POA on 09/17/2025. The filing provides no additional financial metrics, intent, or extraordinary compensation details to assess material impact on outstanding shares or ownership percentages.

Corporate Governance Expert

TL;DR: Standard Form 4 reporting of an ESPP purchase by an officer; procedural compliance appears satisfied.

The form identifies the reporting person as an EVP and indicates both officer and director checkboxes. The acquisition is explicitly explained as an Employee Stock Purchase Plan purchase. The form is executed by an authorized POA and includes transaction date, price, and resulting beneficial ownership. No amendments, unusual codes, or derivative transactions are reported. No governance concerns or unusual disclosures are apparent from the text provided.

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^*

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)
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	89.3521	A	$26.161	14,212.9498	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	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 Steven S. Zandpour report on the Form 4 for Associated Banc-Corp (ASB)?

The Form 4 reports an ESPP purchase of 89.3521 shares at $26.161 per share on 09/15/2025, with 14,212.9498 shares beneficially owned after the transaction.

How was the Form 4 signed and when?

The Form 4 was signed on 09/17/2025 by /s/ Lynn M. Floeter acting as power of attorney for Steven S. Zandpour.

What role does the reporting person hold at Associated Banc-Corp?

The filing identifies the reporting person as an EVP and indicates officer and director status.

Was this transaction part of a company plan?

Yes. The filing explains the shares were purchased under the issuer's Employee Stock Purchase Plan.

Does the filing report any derivative transactions or amendments?

No derivative transactions or amendments are reported in the provided content.