Form 4: Director Carl J. Chaney Acquires Nicolet Bankshares Stock

Director Carl J. Chaney acquired 429 shares of Nicolet Bankshares, Inc. common stock as part of his annual board retainer.

Summary

• Director Carl J. Chaney received 429 shares of common stock as part of his annual board retainer.
• The shares were granted as a restricted stock award with immediate full vesting.
• The transaction occurred on May 19, 2026, at a price of $139.63 per share.
• Following this transaction, Mr. Chaney directly owns 1,196 shares and indirectly owns 2,224 shares through the Carl J. Chaney Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Director alignment with shareholders is reinforced through the receipt of equity-based compensation.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine disclosure of director compensation.

Management Comments

• The Company paid Mr. Chaney the Board annual retainer, granted as a restricted stock award with an immediate full vest of 429 shares, as of May 19, 2026.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice in the banking sector to ensure alignment between directors and shareholders.

Comparison to Industry Standards

• The use of restricted stock awards for board retainers is consistent with standard corporate governance practices among regional financial institutions.

Stakeholder Impact

• Minimal impact on stakeholders as this is a standard compensation event.

Next Steps

• None identified.

Key Dates

Keywords

Nicolet Bankshares, NIC, Insider Trading, Form 4, Director Compensation, Equity Grant