[Form 4] ASSOCIATED BANC-CORP Insider Trading Activity

Rhea-AI Filing Summary

Insider sale by Associated Banc-Corp executive: weighted-average sale at $26.202 per share

Patrick Edward Ahern, Executive Vice President and officer of Associated Banc-Corp (ticker provided as ASBA), reported the sale of 3,342 shares of the company's common stock on 09/11/2025 at a weighted-average price of $26.202 per share, executed in multiple transactions priced between $26.19 and $26.215. After the reported dispositions, the filing shows 41,472 shares held directly and 5,414.72 shares held indirectly through a 401(k) plan. The Form 4 was signed by an attorney-in-fact on 09/12/2025.

Insights

Corporate Governance Expert

TL;DR: Routine officer sale reduces direct holdings modestly; disclosure is complete and conforms to Form 4 requirements.

The filing documents a small-scale disposition by an executive, totaling 3,342 shares at a weighted-average of $26.202 executed on 09/11/2025. The report identifies both direct and indirect holdings, including a 401(k) allocation, and includes a footnote clarifying the weighted-average price range. From a governance perspective, the reporting appears timely and includes the required signature via attorney-in-fact. There is no information in the filing about motivations, planned transactions, or material company events tied to the sale.

Securities Analyst

TL;DR: Transaction is a routine insider disposition with limited apparent market impact given the size reported.

The sale of 3,342 shares at approximately $26.20 each is disclosed with the required detail, including the weighted-average price range ($26.19–$26.215). Post-transaction beneficial ownership is stated as 41,472 shares direct and 5,414.72 indirect via a 401(k). Absent additional context such as overall share count or concurrent filings, this Form 4 represents a typical officer sale and should be interpreted as a disclosure of ownership change rather than a company-level operational 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
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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^*

Ahern Patrick Edward

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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	09/11/2025		S		3,342	D	$26.202(1)	41,472	D
Common Stock $0.01 Par Value								5,414.72	I	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. The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.19 to $26.215, inclusive. The reporting person undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes above.

	/s/Lynn M. Floeter, attorney-in-fact for Patrick Edward Ahern	09/12/2025
	** 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).
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