Form 4: EVP Gregory Warsek Acquires ASB Common Stock

Associated Banc-Corp EVP Gregory Warsek acquired 15 shares of common stock at $26.94 per share, increasing his direct beneficial ownership.

Summary

• Gregory Warsek, Executive Vice President (EVP) of Associated Banc-Corp (ASB), acquired 15 shares of the company's common stock.
• The transaction occurred on December 15, 2025, with shares acquired at a price of $26.94 each.
• The acquisition represents fully vested dividend equivalents awarded pursuant to performance-based Restricted Stock Units (RSUs).
• These dividend equivalents are payable solely in shares of common stock and are subject to deferral until separation, as elected by Mr. Warsek.
• Following this transaction, Mr. Warsek directly beneficially owns 13,400 shares of common stock.
• Additionally, Mr. Warsek indirectly beneficially owns 27,875.05 shares through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to an insider acquiring shares, which generally indicates confidence. However, the small number of shares acquired (15) and the nature of the acquisition (vested dividend equivalents) suggest it is a routine event rather than a significant discretionary investment, thus limiting the overall positive impact.

Positives

• An insider, the EVP, acquired additional shares, which can signal confidence in the company's future prospects.

Future Outlook

This Form 4 filing reports a past insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider transactions, such as the acquisition of shares by an executive, are common in the financial services industry and are closely watched by investors for signals regarding management's confidence in their company's performance and valuation. This specific transaction is a routine report of vested dividend equivalents.

Comparison to Industry Standards

• The acquisition of shares by an executive, particularly through vested equity awards, aligns with standard compensation practices across the financial sector, where executive compensation often includes equity components to align interests with shareholders.
• The reported transaction size of 15 shares is relatively small compared to typical insider purchases or sales that might signal a significant shift in sentiment, suggesting it is more of a routine vesting event rather than a discretionary investment decision.

Stakeholder Impact

• Shareholders: The transaction slightly increases insider ownership, which can be viewed as a positive signal of management's alignment with shareholder interests, though the impact is minimal given the small number of shares.

Key Dates

Keywords

Associated Banc-Corp, ASB, Form 4, Insider Transaction, Stock Acquisition, Gregory Warsek, EVP, Beneficial Ownership, Common Stock, Dividend Equivalents, RSUs