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

What Happened

• Randall J. Erickson, Executive Vice President of Associated Banc‑Corp (ASB), exercised 43,561 stock options on August 12, 2026 by paying $20.32 per share (total cost $885,160) and then sold the 43,561 shares in the open market the same day at a weighted-average price of $32.04 per share (gross proceeds ~$1,395,694). The net pre-tax proceeds were approximately $510,534. The Form 4 shows the related derivative (option) being cancelled/converted as part of the exercise.

Key Details

• Transaction date: 2026-08-12 (Form filed 2026-08-13 — timely)
• Exercise: 43,561 shares @ $20.32; cash paid = $885,160
• Sale: 43,561 shares @ weighted avg $32.04; proceeds = $1,395,694 (sale prices ranged $32.03–$32.06 per footnote)
• Derivative line showing 43,561 at $0.00 reflects the option being converted/terminated on exercise
• Shares owned after transaction: not disclosed in the filing
• Footnotes: F1 notes weighted-average sale price range and willingness to provide per-price details; F2 notes the option vested in four equal annual installments beginning Feb 8, 2021

Context

• This was an option exercise followed by an immediate sale (cashless/same-day sale), a common practice for executives to realize gains or cover exercise costs and taxes. The filing is routine and timely; it does not itself indicate insider sentiment about the company's future.