Associated Banc-Corp Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Andy Harmening

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	21.7%
CEO tenure	3yrs
CEO ownership	0.1%
Management average tenure	6.7yrs
Board average tenure	9.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Harmening's remuneration changed compared to Associated Banc-Corp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$148m
Dec 31 2023	US$5m	US$1m	US$170m
Sep 30 2023	n/a	n/a	US$369m
Jun 30 2023	n/a	n/a	US$382m
Mar 31 2023	n/a	n/a	US$382m
Dec 31 2022	US$6m	US$1m	US$352m
Sep 30 2022	n/a	n/a	US$321m
Jun 30 2022	n/a	n/a	US$312m
Mar 31 2022	n/a	n/a	US$314m
Dec 31 2021	US$11m	US$675k	US$332m

Compensation vs Market: Andy's total compensation ($USD4.75M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

CEO

Andy Harmening (53 yo)

3yrs

Tenure

US$4,746,721

Compensation

Mr. Andrew John Harmening, also known as Andy, serves as President, Chief Executive Officer and Director at Associated Banc-Corp since April 28, 2021. He has been President and Chief Executive Officer at A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Harmening	President	3yrs	US$4.75m	0.15% $ 4.5m
Derek Meyer	Executive VP & CFO	1.7yrs	US$1.35m	0.030% $ 897.6k
Randall Erickson	Executive VP	12yrs	US$1.25m	0.10% $ 3.1m
David Stein	Executive VP	16.8yrs	US$1.20m	0.098% $ 2.9m
John Utz	Executive VP	12.8yrs	US$1.35m	0.080% $ 2.4m
Tammy Stadler	Executive VP	10yrs	no data	0.058% $ 1.7m
Terry Williams	Executive VP & Chief Information Officer	1.3yrs	no data	0.0054% $ 162.2k
Ben McCarville	VP & Director of Investor Relations	no data	no data	no data
Anthony Pecora	Senior VP	8.3yrs	no data	no data
Jennifer Kaminski	VP & Public Relations Senior Manager	no data	no data	no data
Bryan Carson	Executive VP	1.8yrs	no data	0.029% $ 881.8k
Angie DeWitt	Executive VP & Chief Human Resources Officer	5yrs	no data	0.030% $ 902.1k

6.7yrs

Average Tenure

55yo

Average Age

Experienced Management: AB5's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Harmening	President	3yrs	US$4.75m	0.15% $ 4.5m
Gale Klappa	Independent Director	7.8yrs	US$200.00k	0.022% $ 652.6k
Eileen Kamerick	Independent Director	17.1yrs	US$215.00k	0.0062% $ 185.8k
Robert Jeffe	Independent Director	13.2yrs	US$215.00k	0.048% $ 1.4m
John Williams	Independent Chairman of the Board	12.8yrs	US$306.50k	0.011% $ 342.0k
Karen van Lith	Independent Director	20yrs	US$205.00k	0.014% $ 418.6k
Robert Gerken	Independent Director	9.5yrs	US$205.00k	0.0034% $ 100.8k
Cory Nettles	Independent Director	10.3yrs	US$200.00k	0.030% $ 901.2k
Judith Greffin	Independent Director	7yrs	US$195.00k	0.022% $ 652.6k
Michael Haddad	Independent Director	5yrs	US$205.00k	0.0064% $ 192.4k

9.9yrs

Average Tenure

64yo

Average Age

Experienced Board: AB5's board of directors are considered experienced (9.9 years average tenure).

Associated Banc-Corp Management

Management criteria checks 3/4

Key information

Recent management updates

Associated Banc-Corp, Annual General Meeting, Apr 30, 2024

Associated Bank Appoints Steven Zandpour as Executive Vice President, Director of Retail Banking

Associated Bank Appoints Phillip Trier as Evp, Commercial Banking

Associated Banc-Corp Appoints Gus Hernandez to the Role of Senior Vice President, Director of Business Banking

Associated Banc-Corp Announces Executive Changes

Associated Banc-Corp Announces Executive Changes

Recent updates

Associated Banc-Corp Provides Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.67 in 1Q 2023)

Associated Banc-Corp to Report Q1, 2024 Results on Apr 25, 2024

Associated Banc-Corp, Annual General Meeting, Apr 30, 2024

Upcoming dividend of US$0.22 per share

Fourth quarter dividend of US$0.22 announced

Associated Banc-Corp Announces Quarterly Dividend, Payable on March 15, 2024

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: US$1.14 (vs US$2.36 in FY 2022)

Associated Banc-Corp Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2023

Associated Bank Appoints Steven Zandpour as Executive Vice President, Director of Retail Banking

Associated Banc-Corp to Report Q4, 2023 Results on Jan 25, 2024

Upcoming dividend of US$0.22 per share at 5.0% yield

Associated Bank Appoints Phillip Trier as Evp, Commercial Banking

Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.62 in 3Q 2022)

Associated Banc-Corp Appoints Gus Hernandez to the Role of Senior Vice President, Director of Business Banking

Associated Banc-Corp to Report Q3, 2023 Results on Oct 19, 2023

Associated Banc-Corp Announces Executive Changes

Associated Banc-Corp Announces Executive Changes

Associated Banc-Corp Appoints Tonjia Coverdale as Senior Vice President, Chief Strategy Officer in Operations and Technology

Upcoming dividend of US$0.21 per share at 5.0% yield

Associated Banc-Corp Appoints Lauren Hess as Senior Vice President

Associated Banc-Corp Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.56 in 2Q 2022)

Associated Banc-Corp to Report Q2, 2023 Results on Jul 20, 2023

Upcoming dividend of US$0.21 per share at 5.3% yield

Investor sentiment deteriorates as stock falls 16%

Independent Director recently bought €90k worth of stock

First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.48 in 1Q 2022)

President recently bought €94k worth of stock

Upcoming dividend of US$0.21 per share at 3.5% yield

Independent Director recently sold €110k worth of stock

Independent Director recently sold €112k worth of stock

Associated Banc-Corp Declares Regular Quarterly Cash Dividend, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$2.38 (vs US$2.20 in FY 2021)

Associated Banc-Corp to Report Q4, 2022 Results on Jan 26, 2023

Associated Banc-Corp Appoints Terry L. Williams as the Next Chief Information Officer, Effective January 17, 2023

Upcoming dividend of US$0.21 per share

Insufficient new directors

Associated Banc-Corp Declares Regular Quarterly Cash Dividend, Payable on December 15, 2022

Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.56 in 3Q 2021)

Associated Banc-Corp Provides Earnings Guidance for the Year 2022

Associated Banc-Corp to Report Q3, 2022 Results on Oct 20, 2022

Independent Director recently sold €81k worth of stock

Upcoming dividend of US$0.20 per share

Associated Banc-Corp Declares Quarterly Cash Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.56 in 2Q 2021)

Associated Banc-Corp Appoints Paul Schmidt as Twin Cities Market President

Associated Banc-Corp to Report Q2, 2022 Results on Jul 21, 2022

Associated Banc-Corp. Appoints Bryan Carson as Chief Product and Marketing Officer, Effective July 18, 2022

Insufficient new directors

Upcoming dividend of US$0.20 per share

Insufficient new directors

First quarter 2022 earnings released: EPS: US$0.48 (vs US$0.58 in 1Q 2021)

Associated Banc-Corp Declares Regular Quarterly Cash Dividend, Payable on June 15, 2022

First quarter 2022 earnings released: EPS: US$0.48 (vs US$0.58 in 1Q 2021)

Associated Banc-Corp Provides Revenue Guidance for Full Year 2022

Associated Banc-Corp Announces Leadership Changes, Effective April 1, 2022

Independent Director recently sold €96k worth of stock

Insider recently sold €83k worth of stock

Independent Chairman of the Board recently sold €65k worth of stock

Associated Banc-Corp Declares Regular Quarterly Cash Dividend, Payable on March 15, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Executive VP & CFO recently sold €78k worth of stock

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.56 (vs US$0.26 in 3Q 2020)

Associated Banc-Corp Announces New Strategic Plans to Accelerate Its Business

Independent Director recently sold €79k worth of stock

Upcoming dividend of US$0.20 per share