Velarion · Company Intelligence
CompBrief
Fiscal year 2025

Andrew Harmening — FY2025 total compensation $6,354,626

Andrew Harmening is President and CEO of Associated Banc-Corp (ASB). The company reported total compensation of $6,354,626 for fiscal year 2025.

01

Fiscal year 2025 compensation

Salary$1,120,000
Bonus$0
Stock awards$2,799,980
Option awards$0
Non-equity incentive plan$2,150,400
Pension and non-qualified deferred compensation$5,921
All other compensation$278,325
Total$6,354,626

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.

Cited to the compensation disclosure Associated Banc-Corp filed March 16, 2026, accession 0000007789-26-000097.

02

History — every fiscal year held

Fiscal yearRoleSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
FY2025President and CEO$1,120,000$0$2,799,980$0$2,150,400$5,921$278,325$6,354,626
FY2024President and CEO$1,070,000$0$2,674,986$0$1,657,965$5,655$64,482$5,473,089
FY2023President and CEO$1,030,000$2,574,964$1,035,150$5,134$101,473$4,746,720

Totals as disclosed in each year's own compensation disclosure for Associated Banc-Corp.

03

Peer context

Peer-group chief executive median$6,611,454
Difference from that median$-256,828
Percentile within the disclosed peer group38th
Peers with a disclosed figure13

Medians and percentiles are computed across the peer group Associated Banc-Corp discloses in its own compensation disclosure.

04

The other named executive officers of Associated Banc-Corp

Named executive officerRoleFY2025 total
Andrew Harmening this pagePresident and CEO$6,354,626
Derek MeyerExecutive Vice President, Chief Financial Officer$1,934,559
John UtzExecutive Vice President, Head of Specialized Industries & Capital Markets and Milwaukee Market President$1,575,723
Randall EricksonExecutive Vice President, General Counsel & Corporate Secretary$1,513,331
Julio MansoExecutive Vice President, Chief Human Resources Officer$1,414,456

The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Associated Banc-Corp compensation brief.

05

The company page

Andrew Harmening's compensation sits inside Associated Banc-Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.

The Associated Banc-Corp (ASB) compensation brief