Harmening Andrew J 4

What Happened

• Andrew J. Harmening, President & CEO and a director of Associated Banc‑Corp (ASB), received 87,811 shares on 2026-03-09 as vested performance shares (LTIP). The filing reports an acquisition value of $25.08 per share, totaling $2,202,300.
• Simultaneously, 41,272 shares were withheld to satisfy tax withholding obligations at the same $25.08 price (disposed value $1,035,102), leaving a net issuance of 46,539 shares to Harmening (87,811 granted minus 41,272 withheld).

Key Details

• Transaction date: 2026-03-09; reported on Form 4 filed 2026-03-11 (appears timely).
• Grant/acquisition: 87,811 shares @ $25.08 — $2,202,300 (code A: award/grant).
• Tax withholding: 41,272 shares @ $25.08 — $1,035,102 withheld (code F: shares withheld for taxes).
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes: F1 — these were vested Performance Shares granted under the 2023 LTIP with 3‑year cliff vesting; F2 — shares withheld to satisfy tax withholding on vesting.
• Transaction type notes: A = award/vesting; F = tax withholding (cashless-like settlement to cover taxes).

Context

• This was a routine vesting of long‑term incentive (performance) shares from a 2023 grant, not an open‑market purchase or voluntary sale. Withholding to cover taxes is common and reduces the net shares delivered to the insider. Such compensation-related filings are standard and do not necessarily signal the insider’s view of the company’s near‑term stock prospects.