VAN LITH KAREN 4

What Happened

Karen Van Lith, a director of Associated Banc‑Corp (ASB), received awards on March 16, 2026 consisting of dividend‑equivalent units tied to restricted stock units (reported as acquisitions). The filing shows two entries: 44 shares at $24.59 each ($1,082) and 417 shares at $24.59 each ($10,254), for a total of 461 shares worth about $11,336.

These were awards (code A), not open‑market purchases or sales, and are typically part of director compensation rather than an active buy or sell signal.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-17 (timely).
• Grants reported: 44 shares @ $24.59 ($1,082) and 417 shares @ $24.59 ($10,254); total 461 shares ≈ $11,336.
• Transaction type: A = Award/Grant (dividend equivalent units related to RSUs).
• Shares owned after transaction: Not specified in the reported Form 4.
• No sale, tax‑withholding, or 10b5‑1 plan indicated in this filing.

Context

Footnote F1: These are dividend‑equivalent units that vest on the first anniversary of the related RSU grant and, upon vesting, are payable only in shares of common stock (unless the director elected deferral).
Footnote F2: Some dividend equivalents may be fully vested and payable in shares following the date the director leaves the board.

For retail investors: awards to directors are common as compensation and do not necessarily indicate a change in the director’s view of the company. The overall value here (~$11.3K) is modest.