WILLIAMS JOHN B 4

What Happened

• John B. Williams, a director of Associated Banc‑Corp (ASB), was granted/received award shares on March 16, 2026. The filing shows two acquisitions labeled as awards: 44 shares at $24.59 each ($1,082) and 417 shares at $24.59 each ($10,254), a total of 461 shares valued at approximately $11,336. Transaction code A indicates grants/awards (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (appears timely).
• Share details:
  • 44 shares @ $24.59 = $1,082
  • 417 shares @ $24.59 = $10,254
  • Combined: 461 shares ≈ $11,336
• Shares owned after the transaction: not specified in the provided excerpt of the report.
• Footnotes:
  • F1: These are dividend equivalent units that vest on the first anniversary of the related restricted stock units (RSUs) and are payable solely in shares upon vesting (subject to any deferral election).
  • F2: Fully vested dividend equivalents related to RSUs are payable solely in shares following the date the insider ceases serving as a director.
• Transaction code: A = Grant/Award.

Context

• These awards appear to be part of director compensation (RSU-related dividend equivalents), not an open‑market purchase or sale. Such grants are routine for directors and do not, by themselves, indicate a buy or sell decision by the insider. The grant modestly increases the director’s equity stake in ASB by about $11.3k at the grant price.