Form 4: Director Receives Stock Award from Nicolet Bankshares

Glen E. Tellock, a Director at Nicolet Bankshares Inc., received a restricted stock award of 429 shares as part of his annual board retainer.

Summary

• Director Glen E. Tellock was granted 429 shares of Nicolet Bankshares Inc. common stock on May 19, 2026.
• This award was part of his annual board retainer and vested immediately.
• The shares were valued at $139.63 each at the time of the grant.
• Following this transaction, Tellock directly owns 2,357 shares and indirectly owns 1,000 shares through a Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider transaction related to director compensation rather than significant financial performance or strategic shifts.

Positives

• Director compensation in the form of stock awards aligns management interests with shareholders.
• Immediate vesting of the award suggests confidence in the company's short-term prospects.
• The value of the award ($139.63 per share) indicates a healthy stock price at the time of the transaction.

Negatives

• The filing does not contain any negative information.

Risks

• As with any stock award, the value is subject to market fluctuations and future company performance.
• Potential for insider selling in the future, although not indicated in this specific filing.

Future Outlook

This filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that the issuance of stock awards as director compensation is a common practice in the banking industry, aimed at aligning executive and director interests with those of shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• The practice of granting restricted stock awards as part of director compensation is standard across the financial services industry.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize similar equity-based compensation structures for their boards to promote alignment and retention.

Related Party Transactions

• The transaction involves a director (Glen E. Tellock) receiving compensation from the issuer (Nicolet Bankshares Inc.), which is a standard related-party transaction for compensation purposes.

Stakeholder Impact

• Shareholders: The stock award reinforces alignment between director compensation and shareholder value. The value of the award is tied to the company's stock performance.
• Employees: Indirectly, such compensation structures can contribute to a stable and experienced board, which can positively influence company strategy and long-term employee welfare.
• Management: The award is a form of compensation for management (director) services.

Next Steps

• Continued monitoring of insider transactions for potential shifts in beneficial ownership.
• Review of future SEC filings for updates on Nicolet Bankshares Inc.'s financial performance and strategic initiatives.

Key Dates

Keywords

Nicolet Bankshares, Form 4, Insider Transaction, Stock Award, Director Compensation, Restricted Stock, Beneficial Ownership, NIC