Form 4: Nicolet Bankshares Director Ghidorzi Increases Holdings Through Deferred Compensation Plan

Christopher J. Ghidorzi, a director of Nicolet Bankshares, acquired additional shares through the company's deferred compensation plan.

Summary

• On October 15, 2024, Christopher J. Ghidorzi, a director of Nicolet Bankshares Inc., acquired 27.565 shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition was made by deferring a portion of his third quarter 2024 earned board fees at a price of $98.91 per share.
• Following the transaction, Ghidorzi directly owns 7,947 shares and indirectly owns 3,172.43 shares through the deferred compensation plan.
• The indirect holdings include 9.063 shares received as dividend reinvestment on September 16, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a routine transaction. The director's increased stake could be seen as slightly positive, but it's part of a pre-existing plan.

Positives

• Director's increased stake may signal confidence in the company's future.

Industry Context

Directors commonly use deferred compensation plans to align their interests with shareholders and manage their tax liabilities.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the director's increased investment in the company.

Key Dates