Form 4: Nicolet Bankshares CEO Michael Daniels Reports Stock Transaction

Nicolet Bankshares CEO Michael Daniels sold 355 shares of common stock to cover tax obligations from vested restricted stock.

Summary

• Michael Daniels, the Chairman, President, and CEO of Nicolet Bankshares, reported a transaction involving the company's common stock.
• On November 14, 2024, Mr. Daniels disposed of 355 shares of common stock at a price of $111.79 per share.
• This sale was to satisfy tax obligations related to vested restricted stock.
• Following the transaction, Mr. Daniels directly owns 72,079 shares of Nicolet Bankshares.
• He also indirectly owns 6,252 shares through a 401(k) plan and 9,803 shares through his spouse.
• Mr. Daniels has a total of 945 shares in the Employee Stock Purchase Plan as of the date of this report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for an insider transaction, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is typical for executives who receive stock-based compensation and need to cover tax liabilities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Nicolet Bankshares, Michael Daniels, stock transaction, Form 4, insider trading, executive compensation, share disposal, restricted stock, tax obligations