Form 4: ASB EVP Gregory Warsek Acquires Shares

Associated Banc-Corp Executive Vice President Gregory Warsek acquired 15 shares of common stock at $25.92, stemming from vested dividend equivalents.

Summary

• Gregory Warsek, Executive Vice President of Associated Banc-Corp (ASB), acquired 15 shares of common stock.
• The transaction occurred on September 15, 2025, at a price of $25.92 per share.
• These shares represent fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• The shares are payable solely in common stock and are subject to deferral until separation, as elected by Mr. Warsek.
• Following this transaction, Mr. Warsek directly owns 13,385 shares and indirectly owns 27,638.46 shares through a 401(K) Plan.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 6

Explanation: Slightly positive due to insider acquisition, even if small and pre-planned, indicating continued executive ownership and confidence. The transaction is routine and not indicative of significant new developments.

Positives

• Insider acquisition, even if small and pre-planned, can signal continued confidence in the company's future from an executive.
• The shares are derived from performance-based RSUs, indicating past achievement of company goals.

Negatives

• The transaction volume of 15 shares is very small and unlikely to significantly impact market perception or company valuation.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Management Comments

• Fully vested dividend equivalents awarded pursuant to performance-based RSUs, payable solely in shares of common stock and subject to deferral until separation, as elected by the Insider.

Industry Context

This is a routine insider transaction filing for a financial institution. It does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor positive signal from insider ownership, but the small transaction size limits significant impact on overall shareholder value or perception.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned acquisition of a very small number of shares by an executive, stemming from vested dividend equivalents. While insider buying can be a positive signal, the minimal volume and the nature of the transaction (vesting of prior awards) do not provide new material information to warrant a change in investment thesis. It confirms ongoing executive ownership but is not a catalyst for a 'buy' or 'sell' recommendation.

Keywords

Associated Banc-Corp, ASB, Gregory Warsek, Insider Trading, Form 4, Stock Acquisition, EVP, Restricted Stock Units, RSU, Dividend Equivalents, 10b5-1 Plan