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

Director Christopher J. Ghidorzi increased his indirect holdings in Nicolet Bankshares through acquisitions via the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Summary

• Christopher J. Ghidorzi, a director of Nicolet Bankshares Inc., reported changes in his beneficial ownership of the company's common stock.
• On June 28, 2024, Ghidorzi acquired 10.866 shares at a price of $83.04 through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• On July 16, 2024, he acquired an additional 29.491 shares at $93.22 through the same plan.
• Following these transactions, Ghidorzi's indirect holdings total 3,038.357 shares through the deferred compensation plan and 7,947 direct shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports routine transactions related to director compensation. It reflects standard corporate governance practices.

Positives

• Director Ghidorzi increased his investment in Nicolet Bankshares, signaling confidence in the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Comparison to Industry Standards

• Director compensation and deferred compensation plans are common across the banking industry.
• Comparing the size and structure of Nicolet's plan to those of regional peers like Associated Banc-Corp or Green Bay's own Baylake Corp (prior to its acquisition) would provide additional context.

Related Party Transactions

• The acquisitions are related-party transactions as they involve a director and the company's deferred compensation plan.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they demonstrate the director's continued investment in the company.

Key Dates