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

Christopher J. Ghidorzi, a director of Nicolet Bankshares, acquired additional shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Summary

• On July 26, 2024, Christopher J. Ghidorzi, a director of Nicolet Bankshares Inc., acquired 97.445 shares of common stock at a price of $103.65 per share.
• These shares were acquired indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• Following the transaction, Mr. Ghidorzi directly owns 7,947 shares and indirectly owns 3,135.802 shares through the deferred compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company, even through a deferred compensation plan, is generally viewed favorably.

Positives

• Director's participation in the deferred compensation plan signals confidence in the company's future.

Industry Context

Directors using deferred compensation plans are common in the banking industry as a way to align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred compensation plans for directors are a fairly standard practice in the banking industry.
• Many regional banks, such as Associated Banc-Corp and Green Bay's own Baylake Corp (prior to its acquisition), have similar programs in place to attract and retain qualified board members.

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 transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates