Associated Banc-Corp SEC Filings

Associated Banc-Corp Executive Vice President Patrick Edward Ahern received 3,118 shares of common stock on February 1, 2026, reported as an acquisition at $27.26 per share. A footnote explains these are time-based restricted stock units (TRSUs) granted in 2026 that will vest in four equal annual installments beginning on February 8, 2027.

After this grant, Ahern beneficially owns 44,306 shares of Associated Banc-Corp common stock directly. He also has an additional 5,505.21 shares reported as indirectly owned through a 401(k) plan.

Associated Banc-Corp filed a current report to share that it has announced its earnings for the quarter ended December 31, 2025. The company released a press statement and an accompanying slide presentation on January 22, 2026, aimed at investors and analysts.

The press release with the quarterly financial information is furnished as Exhibit 99.1, and the investor presentation used on the conference call the same day is furnished as Exhibit 99.2. Both exhibits are incorporated by reference, meaning they contain the detailed results and commentary for the quarter.

Associated Banc-Corp is acquiring American National Corporation in an all‑stock merger. Each share of American National common stock will be converted into 36.250 shares of Associated common stock, with cash paid instead of fractional shares.

Based on Associated’s November 28, 2025 closing price, the stock consideration equated to about $953.01 per American National share, or approximately $604 million in total, and $958.45 per share using the January 5, 2026 price. After completion, existing Associated shareholders are expected to own about 88% of the combined company and former American National shareholders about 12%. The deal is intended to be tax‑free for U.S. holders (except for cash in lieu of fractional shares), carries no appraisal rights for American National shareholders, and remains subject to Federal Reserve and OCC approvals, with closing targeted for the second quarter of 2026.

Associated Banc-Corp is registering shares on Form S-4 for a stock-for-stock acquisition of American National Corporation. Under the Merger Agreement, each share of American National common stock will be converted into the right to receive 36.250 shares of Associated common stock, with cash paid instead of fractional shares. Based on Associated’s share price around late November and December 2025, the consideration implied roughly $953.01–$967.51 per American National share, or about $604 million in aggregate at announcement.

After closing, existing Associated shareholders are expected to own about 88% of the combined company and former American National shareholders about 12%. The merger is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes (except for cash in lieu of fractional shares). Required regulatory approvals, including from the Federal Reserve and OCC, and customary closing conditions must be satisfied, and closing is targeted for the second quarter of 2026.

American National shareholders do not have dissenters’ or appraisal rights and are not being asked to vote, because voting shareholders have already unanimously approved the deal by written consent. The filing outlines integration, regulatory, market-price and employee-retention risks, and notes that one American National leader, Wende Kotouc, will join Associated’s board after closing.

Associated Banc-Corp executive John A. Utz reported several stock transactions. On December 9, 2025, he sold 128 shares of Associated Banc-Corp common stock at $26.41 per share and 1,872 shares at $26.411 per share. He also exercised a non-qualified stock option to acquire 135 shares at an exercise price of $17.38 per share, then sold those 135 shares at $26.45 per share. After these transactions, he beneficially owned 109,841.6852 shares of common stock directly and 15,499.26 shares indirectly through a 401(k) plan. Utz is listed as an Executive Vice President of Associated Banc-Corp, and this Form 4 was filed for a single reporting person.

A shareholder of ASB has filed a notice of intent to sell 2,135 common shares, with an aggregate market value of 56,392.62, through Fidelity Brokerage Services LLC on the NYSE around 12/09/2025.

The shares relate to prior acquisitions through employee stock purchase plan purchases, restricted stock vesting, and option exercises. Common shares outstanding were 165,922,444 at the time of the notice; this is a baseline figure, not the amount being sold.

Associated Banc-Corp executive Patrick Edward Ahern reported multiple stock option exercises and a share sale on 12/04/2025. As an Executive Vice President, he exercised options to acquire 13,356 shares of common stock at $24.70 per share and 17,133 shares at $23.45 per share. On the same day, he sold 30,489 shares of common stock at a weighted average price of $25.70 per share, with individual sale prices ranging from $25.68 to $25.72. Following these transactions, he directly held 41,188 shares of Associated Banc-Corp common stock and indirectly held 5,461.07 shares through a 401(k) plan. The options exercised related to grants vesting in four equal annual installments beginning on 2/8/2019 and 2/8/2020.

Associated Banc-Corp executive reports stock sales and updated holdings. An Executive Vice President sold 3,161 shares of Associated Banc-Corp common stock at $25.79 per share and 166 shares at $25.795 per share on 12/03/2025. After these transactions, the reporting person directly beneficially owned 41,188 shares of common stock and indirectly beneficially owned 5,461.07 shares through a 401(k) plan.