[Form 4] ASSOCIATED BANC-CORP Insider Trading Activity

Rhea-AI Filing Summary

Associated Banc-Corp insider filing: The Form 4 reports that director Rodney Jones-Tyson (via attorney-in-fact) acquired 45 shares of Associated Banc-Corp common stock on 09/15/2025 at a price of $25.92 per share. After the transaction he beneficially owns 9,192 shares. The filing notes that the grant includes dividend equivalent units that vest on the first anniversary of the related restricted stock units and are payable in shares when vested. The form is signed by an attorney-in-fact on 09/17/2025.

Positive

• Insider acquisition disclosed: Director acquired 45 shares at $25.92, increasing holdings to 9,192 shares
• Compensation transparency: Filing explains dividend equivalent units tied to restricted stock units and vesting terms

Negative

• None.

Insights

Financial Analyst

TL;DR: A small insider purchase of 45 shares increases the director's stake to 9,192 shares; immaterial to valuation.

The reported acquisition is modest in size: 45 shares at $25.92 each. Such transactions can reflect routine equity compensation mechanics or targeted purchases but here the absolute dollar value is small relative to a public bank's market cap. The filing also clarifies these relate to restricted stock units with dividend equivalent units that vest after one year, indicating compensation-related issuance rather than an open-market signal of conviction. No debt, litigation, or operational metrics are disclosed.

Corporate Governance Expert

TL;DR: Director received equity-linked compensation components; vesting and payment terms are standard and disclosed.

The disclosure identifies the transaction as an acquisition associated with restricted stock unit grant mechanics, including dividend equivalent units payable in shares on first anniversary. The reporting by attorney-in-fact is properly signed and dated, meeting Section 16 filing formalities. From a governance perspective, the filing documents routine compensation-related issuance and timely reporting; it does not indicate any related-party transaction or change in control.

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^*

Jones-Tyson Rodney

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)		45	A	$25.92	9,192	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. Dividend equivalent units, which vest on the first anniversary of the grant of the restricted stock units to which they relate, are payable solely in shares of common stock upon vesting (subject to deferral if so elected by the Insider).

	/s/ Lynn M. Floeter, Attorney-in-Fact for Rodney Jones-Tyson	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 the Form 4 filed for Associated Banc-Corp (ASB) report?

The Form 4 reports that director Rodney Jones-Tyson acquired 45 shares on 09/15/2025 at $25.92, bringing his beneficial ownership to 9,192 shares.

Was the Form 4 transaction an open-market purchase or compensation-related?

The filing indicates the transaction is related to restricted stock unit mechanics and dividend equivalent units, suggesting it is compensation-related rather than a simple open-market purchase.

What are the vesting or payment terms disclosed in the Form 4?

The Form 4 states that dividend equivalent units vest on the first anniversary of the restricted stock unit grant and are payable solely in shares upon vesting.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Lynn M. Floeter, Attorney-in-Fact for Rodney Jones-Tyson and dated 09/17/2025.

Does this Form 4 disclosure indicate any material change to Associated Banc-Corp's financial position?

No material financial metrics or operational changes are disclosed; the filing documents a small equity acquisition and compensation-related vesting terms.