ZANDPOUR STEVEN S. 4

What Happened Steven Zandpour, Executive Vice President of Associated Banc‑Corp (ASB), was granted 4,428 Time‑Based Restricted Stock Units (TRSUs) on February 1, 2026. The grant is reported at a per‑share value of $27.26, for a total reported value of $120,707. This transaction is an award/compensation grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed/entered (accession) on 2026-02-03.
• Grant reported at $27.26 per share; total value $120,707.
• Instrument: Time‑Based Restricted Stock Units (TRSUs) — footnote indicates these will vest in four equal annual installments beginning Feb 8, 2027.
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: filing appears timely (filed two days after the transaction); no 10b5‑1 plan, tax‑withholding, or late‑filing notes included.

Context TRSUs are compensation that vest over time and typically cannot be sold until vested; they are different from open‑market purchases that might signal an insider’s conviction. Grants like this are common for executive pay and do not, by themselves, indicate a buy or sell signal. Retail investors should weigh such awards as part of overall insider compensation trends rather than immediate trading intent.