Form 4: Nicolet Bankshares Director Hector Colon Acquires Shares as Part of Board Retainer

Director Hector Colon acquired 626 shares of Nicolet Bankshares stock as part of his annual board retainer.

Summary

• On May 28, 2024, Hector Colon, a director of Nicolet Bankshares Inc., acquired 626 shares of common stock at a price of $79.83 per share.
• These shares were granted as a restricted stock award with immediate full vesting as part of his annual board retainer.
• Following the transaction, Mr. Colon directly owns 3,617 shares and indirectly owns 584 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's increased stake is a mild positive.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in the financial services industry.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of directors with those of shareholders.
• The size of the stock award is typical for board retainers in similarly sized financial institutions.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates