Randall J. Erickson, Executive Vice President of Associated Banc-Corp (NYSE:ASB), filed a Form 4 on August 13, 2026, reporting the exercise of stock options and a same-day sale of common shares on August 12, 2026.

Key Highlights

  • Option exercise: Erickson acquired 43,561 shares of Common Stock ($0.01 par value) via an "M" (exercise of in-the-money option) transaction at an exercise price of $20.32 per share.
  • Same-day sale: Erickson disposed of 43,561 shares at a weighted average price of $32.04, with individual sales ranging from $32.03 to $32.06, inclusive.
  • Derivative extinguished: The underlying non-qualified stock option, expiring February 4, 2030, was fully exercised, leaving zero derivative securities held following the transaction.
  • Remaining direct ownership: Following the transactions, Erickson beneficially owned 56,091 shares of Common Stock directly.
  • Option vesting history: According to the filing, the option "vested in four equal annual installments beginning on February 8, 2021."

Details of Erickson's Option Exercise and Share Sale at Associated Banc-Corp

According to the Form 4 filed with the SEC, Randall J. Erickson, an Executive Vice President at Associated Banc-Corp, conducted two linked transactions on August 12, 2026. First, he exercised a non-qualified stock option with a conversion price of $20.32 per share, acquiring 43,561 shares of the company's Common Stock ($0.01 par value). Prior to the exercise, the filing indicates his beneficial ownership stood at 99,652 shares directly held.

In a simultaneous "S" (sale) transaction, Erickson disposed of all 43,561 shares acquired through the option exercise. The filing reports the weighted average sale price as $32.04 per share, with individual transactions occurring at prices ranging from $32.03 to $32.06, inclusive. The filing notes that Erickson "undertakes to provide to Associated Banc-Corp, any security holders of Associated Banc-Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price." Following both transactions, Erickson directly held 56,091 shares.

The derivative security involved, a non-qualified stock option (right to buy) with an exercise price of $20.32 and an expiration date of February 4, 2030, was fully exercised. The filing states the option had "vested in four equal annual installments beginning on February 8, 2021." The reported price of the derivative security at exercise was $0, and no derivative securities remained beneficially owned following the transaction. The Form 4 was signed by Lynn M. Floeter as attorney-in-fact for Randall J. Erickson.

What Was Disclosed

The filing disclosed the exercise of 43,561 non-qualified stock options at $20.32 per share and the concurrent sale of the same number of shares at a weighted average of $32.04, reducing Erickson's direct beneficial ownership to 56,091 shares.