Form 4: Nicolet Bankshares Director Ghidorzi Acquires Shares as Part of Board Retainer
SEC Form 4 Filing
Christopher J. Ghidorzi, a director of Nicolet Bankshares, acquired 404 shares of common stock as part of his annual board retainer.
Summary
- On May 20, 2025, Christopher J. Ghidorzi, a director of Nicolet Bankshares Inc., acquired 404 shares of common stock.
- The acquisition was part of his annual board retainer, granted as a restricted stock award with immediate full vesting.
- The price per share was $123.48.
- Following the transaction, Ghidorzi directly owns 8,351 shares of common stock and indirectly owns 3,206.567 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The transaction is part of a standard compensation package, so it's not a major surprise, but still a positive indicator.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
- The immediate vesting of the restricted stock award aligns the director's interests with those of the shareholders.
Industry Context
Director share acquisitions are common in the banking industry as part of compensation packages and to align management interests with shareholders.
Comparison to Industry Standards
- Director compensation packages often include stock awards, similar to those at other regional banks like Associated Banc-Corp and Green Bay-based competitor, Baylake Corp (now part of Old National Bank).
- The size of the stock award is typical for board retainers in similarly sized financial institutions.
Stakeholder Impact
- Shareholders may view the director's share acquisition positively, as it aligns his interests with theirs.
- The transaction has a minimal impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of transaction: Christopher J. Ghidorzi acquired 404 shares of Nicolet Bankshares common stock. |
| 05/21/2025 | Date of signature: H. Phillip Moore, Jr., as attorney-in-fact for Christopher J. Ghidorzi, signed the Form 4. |
Keywords
Nicolet Bankshares, Director, Share Acquisition, Form 4, Ghidorzi, Board Retainer, Restricted Stock, Beneficial Ownership
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