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

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 25
---
Us. (3) Represents the number of shares remaining available for future grants where outstanding performance-based awards are accounted for at target performance levels, which is not necessarily indicative of the amount of any actual future payout. (4) No further grants will be made under the 2020 Plan if the 2025 Plan is approved by shareholders. (5) No further grants have been or will be made under this plan since the adoption of the 2020 Plan. (6) No further grants have been or will be made under this plan since the adoption of the Associated Banc-Corp 2017 Incentive Compensation Plan. (7) No further grants have been or will be made under this plan since the adoption of the Associated Banc-Corp 2013 Incentive Compensation Plan. The 2025 Plan is Designed to Protect Our Shareholders’ Best Interests The 2025 Plan includes a number of features designed to protect our shareholders’ best interests and to reflect corporate governance best practices, including, among others: • Shareholder approval required for additional shares . A pool of 1,672,000 shares of Common Stock is available for issuance under the 2025 Plan, in addition to any shares of Common Stock that remain reserved for issuance under the 2020 Plan, and any shares under the 2020 Plan that were subject to forfeited awards (as further described under the heading “Shares Authorized for Issuance”). Further shareholder approval would be required to authorize the issuance of any additional shares under the 2025 Plan. • Award Types. The 2025 Plan offers the Committee flexibility in determining which types of awards under the 2025 Plan are best suited for its needs within the overall authorized share pool. • Limitations on share recycling of options, SARs and shares repurchased . Shares that are not issued or delivered as a result of the net settlement of an outstanding option or SAR, shares used to pay the exercise price or required tax withholding for an award under the 2025 Plan and shares repurchased on the open market with the proceeds of an exercise will not be available for future awards under the 2025 Plan. • Prohibition against repricing of stock options and SARs without shareholder approval. The 2025 Plan prohibits the repricing of stock options and SARs without shareholder approval. • Vesting restrictions. The 2025 Plan contains minimum vesting requirements for most awards, the duration of which depends on whether the award is tied to continuous employment or the achievement of specified performance goals. Awards subject