Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 24

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 24
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 If shareholders do not approve the 2025 Plan, the 2020 Plan will remain in place, and we will not

be able to grant equity awards after the shares authorized and reserved for issuance under the existing 2020 Plan are depleted.

**Burn Rate Table

23

The following chart shows, for each of Associated’s active equity compensation plans, (a) the number of shares to be issued upon the exercise of outstanding options, (b) the number of shares of restricted stock awards outstanding, (c) the number of shares reserved for issuance under non-employee directors RSU awards, (d) the number of existing time-based employee RSU awards and all existing performance-based employee RSU awards if such awards were to pay out at the target level, and (e) the number of shares remaining available for future issuance, in each case prior to shareholder approval of the 2025 Plan, but after giving effect to grants made prior to February 15, 2025.**

| Plan                                                    | Shares to beIssued uponExercise ofOutstandingOptions(1) | RestrictedStock Awards | Non-EmployeeDirector RSUAwards | Employee RSUAwards | SharesRemainingAvailable forFuture Grant |
| Associated Banc-Corp 2020 IncentiveCompensation Plan(4) |                                               1,167,917 |                503,332 |                        107,528 |          1,351,788 |                             4,054,926(3) |
| Associated Banc-Corp 2017 IncentiveCompensation Plan(5) |                                                 584,945 |                      — |                      65,776(2) |          50,744(2) |                                        — |
| Associated Banc-Corp 2013 IncentiveCompensation Plan(6) |                                                       — |                      — |                     139,763(2) |          27,599(2) |                                        — |
| Associated Banc-Corp 2010 IncentiveCompensation Plan(7) |                                                       — |                      — |                      19,584(2) |                  — |                                        — |
| Total                                                   |                                               1,752,862 |                503,332 |                        332,651 |          1,430,131 |                                4,054,926 |

(1) The weighted average exercise price of the outstanding options is $23.03 and the weighted average term to expiration is 3.68 years. (2) Represents vested and deferred RS