Form 4: Director Perry Disposes MOFG Shares Post-Merger

Andre Perry, a director of MidWestOne Financial Group, Inc., reported the disposition of all his MOFG common stock and RSU awards following the company's merger with Nicolet Bankshares, Inc.

Summary

• Andre Perry, a director of MidWestOne Financial Group, Inc. (MOFG), reported changes in his beneficial ownership.
• On February 13, 2026, MOFG merged with and into Nicolet Bankshares, Inc. (NIC) pursuant to an Agreement and Plan of Merger dated October 23, 2025.
• As a result of the merger, 1,091 shares of MOFG Common Stock beneficially owned by Mr. Perry were disposed of.
• Each outstanding share of MOFG Common Stock was canceled and converted into the right to receive 0.3175 of a share of NIC Common Stock.
• Outstanding MOFG RSU Awards were fully vested, canceled, and converted into NIC Common Stock based on the 0.3175 exchange ratio, less applicable withholding taxes.
• Following these transactions, Mr. Perry beneficially owns 0 shares of MOFG Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as neutral to positive, reflecting the successful completion of a strategic merger. While the director's shares are disposed of, they are converted into shares of the acquiring entity, indicating a planned and executed corporate action.

Positives

• The completion of the merger between MidWestOne Financial Group and Nicolet Bankshares, Inc. indicates a successful strategic transaction.
• MOFG RSU Awards were fully vested and converted into NIC Common Stock, providing liquidity or continued equity exposure for award holders.

Negatives

• The reporting person, a director, no longer holds direct beneficial ownership in the former MidWestOne Financial Group, Inc.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that consolidation within the regional banking sector remains a prevalent trend, driven by factors such as economies of scale, increased regulatory burdens, and the pursuit of expanded market share. This merger aligns with the broader industry movement towards larger, more diversified financial institutions.

Stakeholder Impact

• Shareholders of MOFG: Received shares of NIC Common Stock, converting their investment into the acquiring entity.
• Employees (with RSU Awards) of MOFG: RSU awards fully vested and converted into NIC Common Stock.

Key Dates

Keywords

MidWestOne Financial Group, MOFG, Nicolet Bankshares, NIC, Merger, Acquisition, Form 4, Insider Transaction, Director, Stock Disposition, RSU Conversion, Financial Services, Banking