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

What Happened

• Gregory Warsek, Executive Vice President of Associated Banc-Corp (ASB), exercised 13,018 stock options on 2026-08-12 at $26.00 per share (cost $338,468) and sold shares in open-market transactions the same day.
• Open-market sales: 13,018 shares sold at an average price of $32.01 for $416,706, and 3,282 shares sold at $32.00 for $105,024 — total cash proceeds from sales = $521,730.
• In addition, 14,927 plan-held units were reallocated out of the issuer stock fund into an alternative 401(k) investment (no cash proceeds).

Key Details

• Transaction date: 2026-08-12 (reported on Form 4 filed 2026-08-13); no late filing indicated.
• Option exercise: 13,018 shares acquired at $26.00 (total cost $338,468).
• Open-market sales: 13,018 shares at $32.01 (total $416,706) and 3,282 shares at $32.00 (total $105,024). Sales price for the smaller lot is a weighted average across multiple trades (see footnote).
• Plan reallocation: 14,927 shares moved out of the issuer stock fund into another 401(k) fund (disposition reported at $0.00).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 notes weighted-average sale pricing (sales ranged $32.00–$32.015); F2 describes the 401(k) intra-plan reallocation; F3 notes options vesting schedule (four equal annual installments starting 2/8/2018).

Context

• The filing shows an option exercise followed by immediate sales of the same number of shares — effectively a cashless exercise (exercise plus sale) for the 13,018-option lot.
• The 14,927-share reallocation is an intra-plan move (not a market sale) and should not be interpreted as a market-driven disposal.
• These are executive transactions; no indication here that the filer is a >10% owner.