Form 4: Director Hetzel Increases Stake in Nicolet Bankshares Through Deferred Compensation Plan

Andrew F. Hetzel Jr., a director of Nicolet Bankshares, acquired additional shares through the company's deferred compensation plan and dividend reinvestment.

Summary

• Andrew F. Hetzel Jr., a director of Nicolet Bankshares Inc., acquired 10.024 shares of common stock on October 15, 2024, through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition price was $98.91 per share.
• These shares were acquired by deferring his third quarter 2024 earned board fees.
• Mr. Hetzel also indirectly owns 1,721.754 shares through the Nicolet National Bank Deferred Compensation Plan.
• This includes 4.933 shares received as dividend reinvestment from a cash dividend paid on September 16, 2024.
• Additionally, Mr. Hetzel directly owns 8,218 shares of Nicolet Bankshares.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing simply reports a routine transaction related to director compensation and dividend reinvestment. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The director's increased stake could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates