ASB ASSOCIATED BANC-CORP Insider Trading

Executive Vice President Erickson Randall J. sells 30,311 shares at ASB in two transactions totaling $844,627.

Erickson Randall J., Executive Vice President of Associated Banc-Corp, sold approximately 30,311 shares across two transactions in early May, reducing his holdings by roughly 17% in aggregate. This is his third and fourth open-market sale in the past three years, continuing a pattern of consistent stock dispositions with no open-market purchases in that window. Evaluating his prior sales at ASB: his most recent prior sale in mid-2024 was well-timed over 30 days as the stock declined modestly, but poorly-timed over 90 days when the stock rose, yielding conflicting near-term and longer-term outcomes. The company itself remains profitable with solid earnings, though year-over-year revenue has contracted, creating a backdrop of mixed fundamentals where the insider is exiting positions. Without evidence of external pressures or unusual timing, this filing represents routine executive diversification rather than an urgent signal.

EVP Patrick Ahern sells 30,489 shares of ASB at $25.70, reducing holdings 42.5% to 41,188 shares

Patrick Ahern, Executive Vice President of Associated Banc-Corp, sold 30,489 shares at $25.70 on 2025-12-04, reducing his holdings by 42.5% from 71,677 to 41,188 shares. His prior sell at this ticker on 2024-11-08 posted a 90-day return of -4.6%, which aligns with his cross-ticker track record showing a 90d well-timed rate of 100.00%, indicating his prior open-market sales have historically preceded stock declines. The current stock price of $26.12 sits 3.3% below the 52-week high of $27.01, and ASB carries a P/E of 24.64 against an annual revenue decline of -11.0%, suggesting a mature business under headwinds. This transaction alone does not establish a material strategic signal, but the substantial reduction in holdings—coupled with a history of well-timed exits—warrants monitoring of ASB's operational trajectory.

CEO Harmening purchases 12,910 shares of ASB at $23.25; holdings rise to 319,269 shares amid 26.8% 30-day rally.

Andrew J Harmening, President & CEO of Associated Banc-Corp, purchased 12,910 shares at $23.25 on 2025-05-09 for a total value of $300,157.50, increasing his holdings from 306,359 shares to 319,269 shares. This acquisition occurs in a context of significant near-term price appreciation: the stock has risen 26.8% over the past 30 days and currently trades at $24.38, yet remains 13.4% below its 52-week high of $28.14. The company's fundamentals show mixed signals—recent quarterly revenue stands at $329,730,000.00 with net income of $101,687,000.00, but annual revenue growth declined 11.0% year-over-year, and the stock's P/E of 28.02 sits above historical norms. The timing of this open-market purchase, following the stock's recent sharp appreciation and amid revenue headwinds, warrants examination of whether the CEO views the current valuation as attractive relative to forward prospects or is responding to other corporate considerations.

EVP Ahern sells 30.8K ASB shares (45.4% of holdings) at $26.85; stock up 26.0% in 30 days

Ahern Patrick Edward, Executive Vice President of Associated Banc-Corp, sold 30,777 shares at $26.85 on 2024-11-08, reducing his holdings from 67,864 to 37,087 shares. This represents a 45.4% reduction in his position. The sale occurred in a context of significant recent momentum: ASB has gained 26.0% over the past 30 days and 34.6% over 90 days, placing the sale price at $26.85 near the upper end of the 52-week range ($16.60–$28.14, specifically 2.0% below the 52-week high of $28.14). The company's fundamentals show revenue decline of 11.0% year-over-year, though recent quarterly results show $329.7M in revenue and $88.0M in net income. The substantial reduction in holdings warrants investor attention to whether this signals a reassessment of the company's prospects or reflects personal liquidity needs of the executive.

EVP Braeger sells 25,923 shares (-66.7% of holdings) at $26.64; stock up 26.0% in 30 days on $329.7M revenue, -11.0% annual decline

Matthew R Braeger, Executive Vice President, liquidated two-thirds of his position, selling 25,923 shares at $26.64 on 2024-11-08, reducing his holdings from 38,862 to 12,939 shares. The timing coincides with strong near-term price momentum (30-day gain of 26.0%, 90-day gain of 34.6%) while the company faces longer-term headwinds: annual revenue has contracted 11.0%, and the stock trades at a P/E of 21.55 near its 52-week high of $28.14. This large proportional reduction in an executive's personal holdings warrants attention to whether it reflects constraints on liquidity planning or broader confidence shifts, particularly given the stock's elevated valuation against deteriorating revenue trends.

EVP Kitowski sells 72,971 shares (~66% of holdings) at $27.43; stock +30.5% in 90 days post-IPO momentum

Kitowski sold 72,971 shares at $27.43, reducing her position from 111,159 shares to 38,188 shares, representing a -65.6% reduction in holdings. The transaction occurred near the stock's 52-week high of $28.14, and the stock has appreciated +30.5% over the past 90 days and +26.0% over the past 30 days. At a P/E of 20.92 and with annual revenue declining -11.0% year-over-year against quarterly net income of $88.0M, the sale occurs against a backdrop of mixed fundamentals—strong recent price momentum contrasts with deteriorating top-line trends. A substantial reduction in executive holdings at elevated valuations merits monitoring, particularly given the revenue headwinds.

EVP Utz sells 30,000 ASB shares at $26.82; second consecutive sale in 8 days amid stock near 52-week high.

John A. Utz, EVP at Associated Banc-Corp, sold 30,000 shares (30.0K shares) at $26.82 on 2024-11-06, following a separate 30,000-share sale on 2024-10-30, within an 8-day window. The current price of $26.78 sits -4.8% from the 52-week high of $28.14, and the stock has gained 26.0% over the past 30 days and 30.5% over 90 days. Post-transaction, Utz holds 100,203 shares (100.2K shares), a reduction of 23.0% from pre-transaction holdings of 130,203 shares (130.2K shares). The company shows a $4.1B market cap with P/E of 20.92, though annual revenue declined 11.0% year-over-year despite latest-quarter revenue of $329.7M and net income of $88.0M. The rapid succession of two substantial sales warrants monitoring for any material disclosures that may follow.

EVP Stein sold 29,536 shares of ASB at $27.43; post-sale holding 81,021 shares (-26.7%).

David L Stein, Executive Vice President at Associated Banc-Corp, sold 29,536 shares at $27.43 on 2024-11-06, reducing his holdings by 26.7% to 81,021 shares and generating $810,113.41 in proceeds. The sale occurred near the 52-week high of $28.14 and reflects a material reduction in personal holdings. Stein's cross-ticker track record shows 1 prior sale with 90-day outcomes averaging +2.7%, and at ASB specifically his prior sale on 2024-07-30 posted +2.7% over 90 days—both indicating poorly-timed selling relative to subsequent price appreciation. The current stock price of $26.78 is -4.8% from the 52-week high but +26.0% over the past 30 days and +30.5% over 90 days, confirming that both prior sale windows (including this transaction window) preceded further gains rather than declines.

EVP Warsek Gregory sold 39,680 shares of ASB at $27.46, reducing stake by 80.2% to 9.8K shares amid 30.5% 90-day gain

EVP Gregory Warsek executed a substantial reduction of his ASB position, selling 39,680 shares at $27.46 for $1,089,811.20, which eliminated 80.2% of his pre-transaction holdings of 49,502 shares. The transaction occurred while the stock has appreciated significantly—up 30.5% over 90 days and 26.0% over 30 days—though at 4.8% below its 52-week high of $28.14. The company's fundamentals show recent headwinds with annual revenue declining 11.0% year-over-year despite quarterly revenue of $329.7M and net income of $88.0M, paired with a P/E of 20.92. This large discretionary reduction of a senior executive's stake warrants investor attention to whether it reflects strategic portfolio rebalancing or changing views about near-term value.

EVP Utz sells 39,543 shares over 2 days for $944.7K at blended $23.89 amid 15% monthly gain

John A. Utz, Executive Vice President at Associated Banc-Corp, executed 2 separate sales totaling 39,543 shares (sold 20,499 shares at $23.62 on 2024-10-29 and 19,044 shares at $24.19 on 2024-10-30) for a combined $944,721.61, reducing his holdings by 28.3% from 139,746 to 100,203 shares. The sales occurred near the stock's 52-week highs—just 1.2% below the $24.02 peak—while the stock has appreciated 15.0% over the prior 30 days and 12.2% over 90 days. The company faces headwinds including 11.0% annual revenue decline year-over-year, though current quarterly net income of $88.0M on $329.7M revenue and a P/E of 18.55 remain within reasonable ranges. The timing of these sales during a strong recent rally in conjunction with deteriorating annual revenue growth warrants monitoring of company fundamentals and insider sentiment.