KLAPPA GALE E 4

What Happened

• Gale E. Klappa, a director of Associated Banc‑Corp (ASB), received awards totaling 245 shares on March 16, 2026. The grants consist of 44 shares at $24.59 ($1,082) and 201 shares at $24.59 ($4,943), for a combined value of $6,025. These transactions are coded as A (grant/award/acquisition), i.e., compensation awards rather than open‑market purchases.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-17 (timely).
• Price reported: $24.59 per share.
• Shares granted: 44 shares and 201 shares (total 245 shares); total value reported ~$6,025.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 and F2 indicate these include dividend-equivalent units tied to restricted stock units — F1: dividend equivalents vest on the first anniversary of the related RSU grant and pay out in shares upon vesting (subject to any deferral election); F2: fully vested dividend equivalents are payable in shares after the director ceases service.
• Transaction code: A = Award/Grant (compensation), not a sale or open-market purchase.

Context

• These awards are director compensation and/or dividend-equivalent units related to restricted stock units. Dividend-equivalent units typically mirror dividends on RSUs and convert to shares when they vest or upon termination as described in the footnotes, so they do not necessarily reflect a buy/sell decision by the insider.