Form 4: Director Brenda L. Johnson Increases Stake in Nicolet Bankshares Through Deferred Compensation Plan

Brenda L. Johnson, a director of Nicolet Bankshares Inc., acquired additional shares through the company's deferred compensation plan and dividend reinvestment.

Summary

• On April 15, 2025, Brenda L. Johnson, a director of Nicolet Bankshares Inc., acquired 18.836 shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition was made by deferring her first quarter 2025 earned board fees.
• The price per share was $105.14.
• Additionally, she received 1.57 shares through dividend reinvestment in the same plan from a cash dividend paid on March 17, 2025.
• Following these transactions, Ms. Johnson directly owns 671,489 shares and indirectly owns 680.03 shares through the deferred compensation plan.

Sentiment

Score: 7

Explanation: Director's increased stake is a positive signal, but the transaction is routine.

Positives

• The director's increased stake could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Directors purchasing shares in their own company is generally viewed positively in the banking industry, as it aligns their interests with those of shareholders.

Comparison to Industry Standards

• Director ownership is common in the banking sector, with many directors holding significant stakes in their respective institutions.
• Comparing Brenda L. Johnson's holdings to those of directors at similar-sized regional banks would provide a benchmark for assessing the magnitude of her investment.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign.

Key Dates

Keywords

Nicolet Bankshares, Director, Brenda L. Johnson, Form 4, Beneficial Ownership, Deferred Compensation, Dividend Reinvestment, NIC