Associated Banc-Corp insider filing: small RSU dividend-equivalent purchase

Rhea-AI Filing Summary

Gregory Warsek, EVP of Associated Banc-Corp (ASB), reported a small purchase and his post-transaction holdings. On 09/15/2025 he acquired 15 shares of common stock at $25.92 per share. After the transaction he beneficially owned 13,385 shares directly and 27,638.46 shares indirectly through a 401(k) plan. The filing notes these 15 shares represent fully vested dividend equivalents from performance-based RSUs that are payable solely in shares and may be deferred until separation, as elected. The Form 4 was signed by POA on 09/17/2025.

Insights

Financial Analyst

TL;DR: Insider acquired a negligible number of shares; immaterial to company valuation.

The report documents a minor acquisition of 15 shares at $25.92 by EVP Gregory Warsek, recorded as dividend equivalents from performance RSUs. Given the small size relative to his total holdings and the company’s outstanding shares, this transaction is routine and does not indicate a material change in insider stake or convey new information about company performance.

Corporate Governance Expert

TL;DR: Disclosure follows Section 16 requirements; transaction type and deferral election are clearly stated.

The filing properly identifies the reporting person, relationship to issuer, transaction date and nature (vested dividend equivalents payable in shares). The use of a POA signature is documented. There are no red flags regarding timing or form completeness based on the disclosed fields.

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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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^*

Warsek Gregory

(Last) (First) (Middle)

C/O ASSOCIATED BANK 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		A(1)		15	A	$25.92	13,385	D
Common Stock $0.01 Par Value								27,638.46	I	By 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

Explanation of Responses:

1. Fully vested dividend equivalents awarded pursuant to performance-based RSUs, payable solely in shares of common stock and subject to deferral until separation, as elected by the Insider.

	/s/ Lynn M. Floeter, by POA from Gregory Warsek	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 Gregory Warsek report for ASB on 09/15/2025?

He reported acquiring 15 shares of Associated Banc-Corp common stock at a price of $25.92 per share on 09/15/2025.

How many ASB shares does Gregory Warsek beneficially own after the reported transaction?

Following the transaction he beneficially owned 13,385 shares directly and 27,638.46 shares indirectly through a 401(k) plan.

What is the nature of the 15 shares acquired by the reporting person?

The 15 shares represent fully vested dividend equivalents awarded under performance-based RSUs, payable solely in shares and subject to deferral as elected by the insider.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by /s/ Lynn M. Floeter, by POA from Gregory Warsek and dated 09/17/2025 on the filing.

What relationship does Gregory Warsek have to Associated Banc-Corp?

He is identified as an Officer (EVP) of Associated Banc-Corp and the reporting person for this Form 4.