Form 4: Nicolet Bankshares Director Brenda L. Johnson Reports Acquisition of Shares Through Deferred Compensation Plan

Director Brenda L. Johnson reports acquiring shares of Nicolet Bankshares through a deferred compensation plan and dividend reinvestment.

Summary

• Brenda L. Johnson, a director of Nicolet Bankshares Inc., reported acquiring 9.254 shares of common stock on January 21, 2025, through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The shares were acquired by deferring her fourth quarter 2024 earned board fees at a price of $107.86 per share.
• Johnson also indirectly owns 659.624 shares through the same deferred compensation plan.
• This includes 1.611 shares received as dividend reinvestment from a cash dividend paid on December 16, 2024.
• Following the reported transaction, Johnson directly owns 671,489 shares of Nicolet Bankshares Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally seen as a sign of confidence. However, it's a routine transaction.

Positives

• The director's participation in the deferred compensation plan and dividend reinvestment program demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common in the banking industry. Directors often participate in deferred compensation plans and dividend reinvestment programs.

Comparison to Industry Standards

• Director stock ownership and participation in deferred compensation plans are common practices in the banking industry.
• Comparable companies such as Associated Banc-Corp and Green Bay Packers, Inc. also have similar director compensation and stock ownership structures.
• These practices align with industry standards for aligning director interests with shareholder value.

Related Party Transactions

• The acquisition of shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors constitutes a related party transaction.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates

Keywords

Nicolet Bankshares, Director, Brenda L. Johnson, Share Acquisition, Deferred Compensation, Dividend Reinvestment, Form 4, Beneficial Ownership