Erickson Randall J. 4

What Happened
Randall J. Erickson, Executive Vice President of Associated Banc‑Corp (ASB), was granted 4,612 shares as a time‑based restricted stock award on February 1, 2026. The grant price used for reporting was $27.26 per share, for a reported grant value of $125,723. This is an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-01; Filing date: 2026-02-03 (filed within the typical 2‑business‑day Form 4 window).
• Shares granted: 4,612; Reported price/value: $27.26 per share; total reported value $125,723.
• Transaction type/code: Award/Grant (A) — time‑based restricted stock units (TRSUs).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: TRSUs vest in four equal annual installments beginning February 8, 2027 (see footnote F1).
• No 10b5‑1 plan, tax‑withholding adjustments, or sales associated with the grant were reported in this filing.

Context
Time‑based restricted stock units are compensation awards that typically vest over multiple years and are intended as retention/long‑term incentive compensation; they generally cannot be sold until vested. Because this is a grant (not a purchase or sale), it should be viewed as executive compensation disclosure rather than a direct market sentiment signal.