Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 27

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 27
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 Stock

that remain reserved for issuance under the 2020 Plan as of the date of the shareholder approval, plus (iii) any shares of

Common Stock issued under the 2020 Plan pursuant to forfeiture, termination, lapse of restrictions, or satisfaction of a share-

based award in cash or other property other than shares, provided that each share made available under these circumstances in

connection with awards other than stock options or SARs will increase the number of shares available under the 2025 Plan by

2.8 shares. In addition, any shares of Common Stock that become available under the 2025 Plan as a result of forfeiture,

termination, lapse of restrictions, or satisfaction of a share-based award in cash or other property other than shares, will

continue to be available under the 2025 Plan. There is no limit under the 2025 Plan on the number of authorized shares that may

be covered by stock options designated as incentive stock options. The number of shares available for issuance under the 2025

Plan will be reduced by one for each share delivered as a result of the exercise of any award.

**Administration and Types of Awards**

The 2025 Plan is to be administered by the Committee, which would be responsible for interpreting the 2025 Plan and, subject

to the terms of the 2025 Plan, would have broad discretion to select the eligible persons to whom awards will be granted, as

well as the type, size and terms and conditions of each award, including the exercise price of stock options, the number of

shares subject to awards and the expiration date of, and the vesting schedule or other restrictions applicable to, awards. To the

extent permitted under the 2025 Plan, with respect to awards that are not subject to minimum vesting requirements (described

below in the Minimum Vesting and Termination of Employment or Services section), the Committee has the authority to

accelerate vesting, waive restrictions or allow awards to continue to vest following termination.

The 2025 Plan allows us to grant the following types of awards:

• Restricted Stock Award (“RSAs”);

• Restricted Stock Unit (“RSUs”) (time-based and performance-based);

• Stock options (non-qualified and incentive stock options);

• Stock Appreciation Rights (“SARs”); and

• Dividend Equivalent Units (“DEUs”).

Awards granted pursuant to the 2025 Plan may be granted either alone, in addition to, or in tandem with, any other award

gr