ASSOCIATED BANC-CORP
For the period ended Apr 28, 2026. Filed Mar 16, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 28, 2026 · Filed Mar 16, 2026
Contents
SUMMARY COMPENSATION TABLE
| Name and Principal Position | Year | Salary ($) | Bonus ($)(1) | Stock Awards ($)(2) | Non-Equity Incentive Plan Compensation ($)(3) | Change in Pension Value and Non-Qualified Deferred Compensation Earnings ($)(4) | All Other Compensation ($)(5) | Total($)(6) |
|---|---|---|---|---|---|---|---|---|
| Andrew J. HarmeningPresident and CEO | 2025 | $1,120,000 | $— | $2,799,980 | $2,150,400 | $5,921 | $278,325 | $6,354,626 |
| 2024 | $1,070,000 | $— | $2,674,986 | $1,657,965 | $5,655 | $64,482 | $5,473,089 | |
| 2023 | $1,030,000 | $— | $2,574,964 | $1,035,150 | $5,134 | $101,473 | $4,746,720 | |
| Derek S. Meyer Executive Vice President, Chief Financial Officer | 2025 | $600,000 | $— | $659,994 | $614,400 | $5,476 | $54,689 | $1,934,559 |
| 2024 | $550,000 | $— | $604,997 | $454,520 | $5,175 | $48,756 | $1,663,448 | |
| 2023 | $490,000 | $— | $538,986 | $246,225 | $— | $75,668 | $1,350,880 | |
| John A. UtzExecutive Vice President, Head of Specialized Industries & Capital Markets and Milwaukee Market President | 2025 | $490,000 | $— | $538,966 | $470,400 | $13,160 | $63,197 | $1,575,723 |
| 2024 | $490,000 | $— | $538,980 | $379,628 | $13,452 | $60,106 | $1,482,166 | |
| 2023 | $490,000 | $— | $538,986 | $246,225 | $11,234 | $64,036 | $1,350,482 | |
| Randall J. EricksonExecutive Vice President, General Counsel & Corporate Secretary | 2025 | $498,000 | $— | $497,988 | $446,208 | $11,556 | $59,579 | $1,513,331 |
| 2024 | $480,000 | $— | $479,980 | $347,088 | $11,724 | $70,236 | $1,389,028 | |
| 2023 | $480,000 | $— | $479,980 | $225,120 | $9,883 | $58,441 | $1,253,424 | |
| Julio N. Manso Executive Vice President, Chief Human Resources Officer | 2025 | $262,500 | $100,000 | $605,080 | $403,200 | $— | $43,676 | $1,414,456 |
(1) Bonus amount reflects Mr. Manso's sign-on cash bonus for his hire on June 2, 2025.
(2)Stock Awards reflect the aggregate grant date fair value of awards with the grant date fair value for performance-based RSUs calculated at the target level.
For further discussion and details regarding the accounting treatment and underlying assumptions relative to stock-based compensation, see Note 10,
“Stock-Based Compensation,” of the Notes to Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary
Data,” of our 2025 Form 10-K. The grant date fair value of the 2025 performance-based RSU awards at the maximum level is $3,149,996, $742,494,
$606,355, $560,246, and $455,694 for Mr. Harmening, Mr. Meyer, Mr. Utz, Mr. Erickson and Mr. Manso, respectively.
(3)Amounts reported in this column reflect incentive awards provided under the “Short-Term Incentive” described in the “Short-Term Incentive
Compensation” section beginning onpage 32.
(4)Reflects the change in present value of the Retirement Account Plan (“RAP”). Further details regarding the RAP can be found in the “Retirement Plans”
section beginning on page 38 and in the Pension Benefits in 2025 table on page 45.
(5)The amounts in All Other Compensation for 2025 include the following items and are further detailed in the below table.
Employer match on each participating NEO’s 2025 contributions to the 401(k) Plan;
2025 employer contributions to the SERP. Additional details regarding the SERP can be found in the “Retirement Plans” section beginning on
page 38 and in the Non-qualified Deferred Compensation in 2025 table onpage 45;
Employer payment of financial planning services;
Employer payment of social and similar club dues for Mr. Utz and Mr. Erickson and a corporate club membership for which Mr. Erickson is
the named member;
Employer payment of executive physicals;
Employer payment of wellness rewards;
Employer match on each participating NEO’s 2025 contributions to the Employee Stock Purchase Plan;
Employer expense for CEO security for Mr. Harmening based on external advisor review;
Employer payment of relocation services for Mr. Manso.
| Name | 401(k) Match | SERP Contribution | Financial Planning Services | Social and Similar Club Dues | Executive Physicals | Wellness Rewards | ESPP Stock Match | Private Security | On-Board / Off-Board |
|---|---|---|---|---|---|---|---|---|---|
| Andrew J. Harmening | $17,500 | $42,829 | $14,430 | $— | $3,450 | $— | $— | $200,116 | $— |
| Derek S. Meyer | $17,500 | $19,309 | $14,430 | $— | $3,450 | $— | $— | $— | $— |
| John A. Utz | $17,500 | $21,294 | $14,430 | $5,028 | $3,450 | $25 | $1,470 | $— | $— |
| Randall J. Erickson | $17,500 | $20,926 | $14,430 | $3,073 | $3,450 | $200 | $— | $— | $— |
| Julio N. Manso | $— | $— | $— | $— | $3,340 | $25 | $263 | $— | $40,049 |
(6)For a description of the elements of executive compensation and the various factors affecting compensation levels, please see the “Executive
Compensation - Compensation Discussion and Analysis” section beginning on page 25.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.