Form 4: Nicolet Bankshares Director Atwell Reports Share Transaction

Director Robert Bruce Atwell of Nicolet Bankshares Inc. reports a transaction involving the withholding of shares to cover tax obligations.

Summary

• Robert Bruce Atwell, a director at Nicolet Bankshares Inc., filed a Form 4 indicating a transaction on November 20, 2024.
• The transaction involved the withholding of 166 shares of common stock to satisfy tax obligations related to vested restricted stock.
• The shares were withheld at a price of $109.48 per share.
• Following the transaction, Atwell directly owns 32,831 shares of Nicolet Bankshares common stock.
• Atwell also has indirect ownership of 268.354 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors and 150 shares through his son's UTMA account.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral transaction.

Industry Context

This is a routine filing related to a director's share transactions, which is common in publicly traded companies. It does not indicate any unusual activity or trend within the banking industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this transaction is typical for directors managing their equity compensation.
• The withholding of shares for tax obligations is a common occurrence when restricted stock vests, and this transaction is consistent with industry norms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share withholding.

Key Dates

Keywords

Nicolet Bankshares, Robert Bruce Atwell, Form 4, share transaction, director, tax obligation, common stock, beneficial ownership