Harmening Andrew J 4

What Happened

• Andrew J. Harmening, President, CEO and Director of Associated Banc‑Corp (ASB), was granted 32,327 shares as a time‑based restricted stock award on February 1, 2026. The grant is reported at an acquisition value of $27.26 per share, totaling $881,234.
• This transaction is an award/grant (transaction code A), not an open‑market purchase or sale — awards are part of compensation programs rather than direct indications of buying or selling stock.

Key Details

• Transaction date and price: 2026-02-01 at $27.26 per share.
• Shares granted: 32,327; reported value: $881,234.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: These are Time‑Based Restricted Stock Units (TRSUs) that vest in four equal annual installments beginning February 8, 2027.
• Filing timeliness: Form 4 filed 2026-02-03 for a 2026-02-01 transaction — appears to be timely (within the usual two business‑day filing window).
• Transaction code: A = Award/Grant.

Context

• TRSUs typically cannot be sold until they vest, so this grant does not represent an immediate market purchase or sale by the insider. Such grants are commonly used for executive compensation and long‑term retention and should be viewed as compensation rather than a direct bullish signal.