Associated Banc‑Corp (ASB) EVP Randall Erickson Sells Shares, Exercises Options

What Happened
Randall J. Erickson, Executive Vice President of Associated Banc‑Corp (ASB), sold 90,573 shares in an open‑market transaction on July 30, 2026 for a weighted average price of $30.75, generating approximately $2,785,573. On the same date he exercised options that resulted in the acquisition of 26,480 shares at $25.20 per share (cost $667,296). The filing also records a contemporaneous disposition of 26,480 shares at $0.00 in connection with the derivative exercise.

Key Details

• Transaction date: July 30, 2026. Form 4 filed August 3, 2026 (filed within typical Form 4 timing for a July 30 transaction).
• Open‑market sale: 90,573 shares at a weighted average price of $30.75 (total ≈ $2,785,573). Footnote F1: sale prices ranged from $30.605 to $30.86; the weighted average is reported and the filer can provide a per‑trade breakdown on request.
• Option exercise: 26,480 shares acquired at $25.20 (total cash cost $667,296). Footnote F2: the option vests in four equal annual installments beginning Feb 8, 2018.
• Simultaneous derivative disposition: 26,480 shares reported disposed at $0.00 — the filing records both the exercise (acquisition) and a zero‑price disposition of the same number of shares.
• Shares owned after the transactions: Not disclosed in the provided filing.

Context

• The combination of an option exercise plus a same‑number disposition at $0.00 is commonly reported when shares are surrendered to the issuer to cover the exercise price or for tax withholding (a cashless or share‑for‑share settlement). The filing does not elaborate further.
• Sales by insiders can be routine (e.g., to raise cash, diversify, or cover tax obligations) and are not by themselves proof of a change in view on the company. Purchases are generally considered a stronger signal of confidence.