Form 4: Nicolet Bankshares Director Boosts Stake via Deferred Compensation

Nicolet Bankshares Director Robert J. Weyers acquired additional common stock through deferred board fees and dividend reinvestment.

Summary

• Robert J. Weyers, a Director of Nicolet Bankshares Inc. (NIC), acquired 23.051 shares of common stock on January 20, 2026.
• The shares were acquired at a price of $131.43 per share.
• This acquisition resulted from deferring his fourth quarter 2025 earned board fees into the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• An additional 23.691 shares were received as dividend reinvestment on December 15, 2025, within the same deferred compensation plan.
• Following these transactions, Mr. Weyers' indirect beneficial ownership in the deferred compensation plan increased to 9,774.415 shares.
• His total indirect beneficial ownership across various trusts and partnerships includes 1,000 shares in Colleen Weyers Trust, 3,500 shares in RJW Family Investments LLC, 12,333 shares in Ronald and Colleen Weyers Grandchildren's Trust #2, 1,000 shares in Ronald Weyers Trust, and 26,250 shares in Weyers Family Limited Partnership.

Sentiment

Score: 7

Explanation: The filing indicates a director increasing their stake in the company through routine compensation mechanisms, which is generally a positive signal of alignment and confidence, though the transaction size is small relative to total holdings.

Positives

• Director Robert J. Weyers increased his beneficial ownership in Nicolet Bankshares Inc. through deferred compensation and dividend reinvestment, aligning his interests further with shareholders.
• The acquisition of shares through deferred board fees demonstrates a commitment to the company's long-term performance by a key director.

Future Outlook

The filing does not contain forward-looking statements or guidance, as it is a report of past insider transactions.

Industry Context

This filing is a routine disclosure of an insider transaction for a director of a bank holding company. Such transactions are common for executives and directors who often receive compensation in the form of company stock or defer cash compensation into stock plans, aligning their financial interests with the company's performance. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of shares by Robert J. Weyers through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors can be considered a related party transaction as it involves a director and the issuer's compensation plan.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to increased stock ownership.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Nicolet Bankshares, NIC, Robert J. Weyers, Director, Insider Trading, Form 4, Stock Acquisition, Deferred Compensation, Dividend Reinvestment, Beneficial Ownership