Utz John A.

A standalone 5,000-share sale on June 10, 2026 — with no option exercise attached — is the one discretionary-looking move in John A. Utz's Form 4 record, entirely concentrated at Associated Banc-Corp: 329 transactions since 2011, with 357,290 shares sold and zero bought. The dominant pattern is textbook cashless option exercise — on August 29, 2025, he exercised 8,000 options at a $17.38 strike price and sold a matching 13,000 shares the same day at roughly $27.24-$27.26 (a gain of roughly $9.87 per share on the exercised portion, or about $79,000), and repeated a smaller version of the same move on December 9, 2025 (135 options exercised at $17.38, offset by 2,135 shares sold the same day near $26.41-$26.45). Layered around those events is a steady drumbeat of small monthly "J" transactions (43-53 shares) alongside periodic larger stock awards, and one standalone sale of 5,000 shares on June 10, 2026 at $28.825 with no same-day exercise attached to it — a rare instance in this data of a sale not immediately paired with an option exercise.