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 and dividend reinvestment.

Summary

• On April 15, 2025, Christopher J. Ghidorzi, a director of Nicolet Bankshares Inc., acquired 9.418 shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• These shares were acquired by deferring a portion of his first quarter 2025 earned board fees at a price of $105.14 per share.
• Additionally, Mr. Ghidorzi's holdings include 7.589 shares received as dividend reinvestment from Nicolet Bankshares, Inc.'s cash dividend paid on March 17, 2025.
• Following these transactions, Mr. Ghidorzi beneficially owns a total of 7,947 directly held shares and 3,206.567 indirectly held shares through the deferred compensation plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard insider transactions related to compensation and dividend reinvestment, without indicating any specific positive or negative outlook.

Positives

• The director's increased investment in the company may signal confidence in Nicolet Bankshares' future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry. Directors often participate in deferred compensation plans and dividend reinvestment programs.

Comparison to Industry Standards

• Comparing Nicolet Bankshares' director compensation and stock ownership to similar regional banks would provide a benchmark for assessing the significance of these transactions.
• Companies like Associated Banc-Corp and Green Bay's own Baylake Corp (prior to its acquisition) could be used as comparables.

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 has a minimal direct impact on stakeholders.
• It provides transparency regarding director's investment in the company.

Key Dates

Keywords

Nicolet Bankshares, Director, Ghidorzi, Deferred Compensation, Dividend Reinvestment, Form 4, Beneficial Ownership