KLAPPA GALE E 4

What Happened

• Gale E. Klappa, a director of Associated Banc‑Corp (ASB), was reported to have acquired 4,585 stock units on Feb 1, 2026. The units are valued at $27.26 each, for a total reported value of $124,987. This was an award/grant (Form 4 code A), not an open‑market purchase or sale.

Key Details

• Transaction date and price: Feb 1, 2026 @ $27.26 per share
• Shares/units acquired: 4,585; total reported value: $124,987
• Shares owned after transaction: not disclosed in the filing
• Filing timeliness: Report filed Feb 3, 2026 (appears timely under Form 4 rules)
• Footnotes in the filing:
  • F1: Restricted stock units (RSUs) will fully vest on the first anniversary of the Feb 1, 2026 grant and will be paid solely in shares.
  • F2: Some stock units are 100% vested at acquisition.
  • F3: Phantom stock units (if applicable) will remain in the insider’s plan until separation and be distributed per the insider’s election.

Context

• This transaction is a compensation award to a director (common for board pay) rather than a market buy or sale. RSUs that vest in the future are not immediate cash or tradable shares until vesting; fully vested stock units are effectively held immediately. Such awards are routine elements of director compensation and should be interpreted as grants, not direct endorsements to buy or sell the company’s stock.