Form 4: Nicolet Bankshares CEO Michael Daniels Executes Stock Option and Disposes of Shares
SEC Form 4 Filing
Michael Daniels, Chairman, President & CEO of Nicolet Bankshares, exercised stock options and disposed of shares on November 6, 2024.
Summary
- Michael Daniels, Chairman, President & CEO of Nicolet Bankshares, executed a stock option and disposed of shares on November 6, 2024.
- He exercised an option to acquire 63,551 shares of common stock at a price of $48.85 per share.
- He then disposed of 54,126 shares at $104.99 and 9,425 shares at $115.
- Following these transactions, Daniels directly owns 72,434 shares of common stock.
- He also indirectly owns 6,252 shares through a 401(k) plan and 9,803 shares through his spouse.
- Daniels continues to hold options for 11,449 shares, which are fully vested and exercisable.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives and directors, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/16/2022 | Non-qualified stock option fully vested |
| 10/24/2024 | Date of last Form 4 filing |
| 11/06/2024 | Date of transaction (exercise of stock option and disposal of shares) |
| 05/16/2027 | Expiration date of stock option |
| 11/08/2024 | Date of signature on the Form 4 |
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