Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 70

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 70
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 $4,333,931 |
| John A. Utz         |                           $980,000 |                                                              $50,751 |                                                       $83,086 |                $735,000 |                 $7,650 |                                                          $1,720,272 |                       $0 |  $3,576,759 |
| Randall J. Erickson |                           $960,000 |                                                              $61,501 |                                                       $82,154 |                $672,000 |                 $7,650 |                                                          $1,535,019 |                       $0 |  $3,318,324 |
| David L. Stein      |                           $870,000 |                                                              $50,751 |                                                       $80,608 |                $652,500 |                 $7,650 |                                                          $1,532,085 |                       $0 |  $3,193,594 |

(1) Based on base salary at December 31, 2024 . (2) Based on program costs at December 31, 2024 . (3) The Change of Control Plan provides that outplacement services at the senior management and executive level, commensurate with the eligible colleague’s duties, shall be provided by a mutually agreed outplacement agency. (4) Value based on closing price of Associated Common Stock of $23.90 on December 31, 2024 . This includes the value of all unvested time-based RSUs and performance-based RSUs (illustrated at target), and any accrued dividend equivalent payments on all RSUs. (5) Associated's last stock option award was granted in 2020. All options are vested and exercisable. In addition to the payments that the NEOs would receive under the COC Agreements, all unvested RSUs held by the NEOs vest upon such a separation within the two-year period following a change of control pursuant to the terms of the 2020 Incentive Compensation Plan. Additionally, in the event of a termination following attainment of retirement eligibility or the NEO’s death or Disability, all unvested RSUs (performance-based RSUs still remain subject to the applicable performance criteria for determining vesting) held by the NEOs would vest upon such an event. Assuming one of the underlying Common Stock events in the prior two sentences occurred on December 31, 2024 , the value (using the closing price of $23.90 ) of the accelerated awards is listed in the table below.

| Name                | Time-Based RSUs | Performance-Based