Form 4: Nicolet Bankshares CFO Hubert Phillip Moore, Jr. Reports Tax-Related Stock Disposal
SEC Form 4 Filing
CFO of Nicolet Bankshares, Hubert Phillip Moore, Jr., reports disposition of shares to cover tax obligations related to vested restricted stock.
Summary
- On June 7, 2024, Hubert Phillip Moore, Jr., CFO of Nicolet Bankshares, reported a transaction involving the disposal of 640 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $78.64 per share.
- Following the transaction, Moore directly owns 29,545 shares of Nicolet Bankshares common stock.
- Moore also indirectly owns 375 shares through his spouse's IRA.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction for tax purposes, which is neither particularly positive nor negative. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a transaction by a company insider to meet tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock disposal transaction |
| 06/10/2024 | Date of signature on the report |
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