Form 4: Nicolet Bankshares Director Glen E. Tellock Acquires Shares as Part of Board Retainer

Glen E. Tellock, a director of Nicolet Bankshares Inc., acquired 626 shares of common stock as part of his annual board retainer on May 28, 2024.

Summary

• Glen E. Tellock, a director at Nicolet Bankshares Inc., acquired 626 shares of common stock on May 28, 2024.
• The acquisition was part of his annual board retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $79.83.
• Following the transaction, Mr. Tellock directly owns 1,524 shares and indirectly owns 1,000 shares through a family trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice, indicating confidence in the company's future.

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

This type of stock grant is a common practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Granting restricted stock with immediate vesting is a fairly standard practice to incentivize board members.
• The number of shares granted is relatively small, suggesting a typical board retainer arrangement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates