Haddad Michael J 4

What Happened

• Michael J. Haddad, a director of Associated Banc‑Corp (ASB), was granted 771.006 phantom stock units on 2026-04-16. The units are recorded at $27.56 each for a total grant value of $21,249. This transaction is an award/grant (derivative) rather than an open‑market purchase of common shares.

Key Details

• Transaction type: A (Grant/Award — derivative phantom stock units)
• Date of grant: 2026-04-16; Form 4 filed: 2026-04-17
• Units granted: 771.006 phantom stock units at $27.56 per unit; grant value $21,249 (rounded)
• Vesting/distribution: Units are 100% vested on grant (F2) and will remain in the Director's Deferred Compensation Plan until distributed per Haddad’s distribution elections (F1, F3)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Timeliness: Filing date is the day after the grant (appears timely based on provided dates)

Context

• These are phantom stock units (a form of deferred compensation) that track share value and are held in the director’s deferred compensation plan until distribution; they do not represent immediate common‑stock ownership with voting rights. Awards to non‑employee directors are common as part of board compensation and are typically procedural rather than direct buy/sell signals.