Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 56

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 56
---
 residential real estate mortgagesand investment securities to improve future performance.                                                                                            | $157 million(netloss)               |

After adjusting Relative ROATCE, overall achievement under the 2022-2024 LTIPP was funded at 93.75% of target. The 2022-2024 LTIPP three-year performance period was impacted by both the 2023 and 2024 balance sheet repositioning initiatives described previously in the section entitled "Executive Compensation for 2024". • Prior to the removing financial impacts of the restructuring initiatives, the unadjusted overall 2022-2024 LTIPP achievement was 64.50%. • After removing the financial impacts of the 2023 and 2024 initiatives, the adjusted LTIPP overall performance achievement was calculated at 93.75%. To reward management for significant operational performance and balance sheet improvements, and to preserve the intended retentive and motivational objectives of the LTIPP, the Committee approved an adjusted performance achievement at 93.75% for payout purposes. The below chart depicts the 2022-2024 LTIPP achievement using the adjusted results approved by the Committee. A "Reconciliation of Non-GAAP Financial Measures" is provided in Appendix B .

48

Approval of 2022 - 2024 LTIPP Payout The Committee determined the amount of the 2022-2024 LTIPP payout to each NEO by multiplying the respective incentive target by the Company's adjusted performance achievement of 93.75%.

| 2022 - 2024 Adjusted LTIPP  Payout |                      |                      |                                           |
| Named Executive Officer            | Target SharesAwarded | Actual Vested Shares | AdjustedAchievement as aPercent of Target |
| Andrew J. Harmening                |               76,781 |               71,982 | 93.75%                                    |
| Derek S. Meyer                     |               25,033 |               23,468 | 93.75%                                    |
| John A. Utz                        |               16,047 |               15,043 | 93.75%                                    |
| Randall J. Erickson                |               14,434 |               13,531 | 93.75%                                    |
| David L. Stein                     |               14,358 |               13,460 | 93.75%                                    |

| RISK MITIGATION POLICIES |

Risk Assessment The Committee, along with members of Associated’s Executive Risk Committee, Incentive Compensation Risk Assessment Committee (IC