Form 4: Director Anderson Acquires Shares in Nicolet Bankshares Through Deferred Compensation Plan

Marcia M. Anderson, a director of Nicolet Bankshares Inc., acquired additional shares through the Nicolet National Bank Deferred Compensation Plan.

Summary

• On June 28, 2024, Marcia M. Anderson, a director of Nicolet Bankshares Inc., acquired 1.872 shares of common stock at a price of $83.04 per share.
• These shares were acquired indirectly through the Nicolet National Bank Deferred Compensation Plan For Non-employee Directors.
• Following the transaction, Anderson directly owns 2,172 shares and indirectly owns 283.872 shares through the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry. These transactions are closely monitored by regulators and investors for insights into management's perspective on the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies, as mandated by the SEC.
• Comparable companies such as Associated Banc-Corp and Green Bay Bancorp also have similar filings when their directors engage in stock transactions.
• The acquisition of shares through a deferred compensation plan is a common method for compensating and incentivizing directors in the banking industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.
• The acquisition reflects a director's continued investment in the company, which can be viewed positively by stakeholders.

Key Dates