Form 4: Nicolet Bankshares Director Atwell Reports Changes in Beneficial Ownership

Director Robert Bruce Atwell reports changes in beneficial ownership of Nicolet Bankshares stock due to participation in the Deferred Compensation Plan and a son's UTMA account.

Summary

• Robert Bruce Atwell, a director of Nicolet Bankshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On June 28, 2024, Mr. Atwell acquired 0.89 shares of common stock at $83.04 through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors due to an administrator change-over.
• On July 16, 2024, he acquired 26.81 shares at $93.22 through the same plan by deferring his second quarter 2024 board fees.
• Mr. Atwell directly owns 43,515 shares of common stock.
• He indirectly owns 150 shares through his son's UTMA account.
• Following these transactions, Mr. Atwell's indirect holdings through the Deferred Compensation Plan are 52.7 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to director compensation and deferred compensation plans. There are no indications of significant positive or negative developments.

Positives

• The director's participation in the Deferred Compensation Plan indicates confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• Deferred compensation plans are frequently used to align the interests of directors with those of shareholders.
• The reported transactions are relatively small in volume compared to the overall trading volume of Nicolet Bankshares.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The director's participation in the deferred compensation plan could be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates