Meyer Derek S. 4

What Happened

• Derek S. Meyer, Chief Financial Officer of Associated Banc‑Corp (ASB), was granted two time‑based restricted stock awards on 2026-02-01 totaling 6,295 shares (3,148 shares at $27.26 = $85,814 and 3,147 shares at $27.26 = $85,787), for a combined grant value of approximately $171,601. These are awards (Form 4 code "A"), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely filing).
• Grant prices reported: $27.26 per share for both awards.
• Total shares granted: 6,295; total reported value ≈ $171,601.
• Vesting: Both grants are Time‑Based Restricted Stock Units (TRSUs) vesting in four equal annual installments beginning February 8, 2027 (see footnotes F1/F2).
• Deferral: One award (footnote F2) was elected to be deferred upon vesting into the executive’s Deferred Compensation Plan and will be distributed per the executive’s distribution election.
• Shares owned after the transaction: not specified in the filing.

Context

• TRSUs are compensation awards that vest over time; they are not immediate cash purchases or sales and typically indicate long‑term incentive pay rather than an active market bet by the insider.
• Because one award is deferred into a deferred compensation plan, those shares will remain subject to the plan’s distribution rules after vesting.