Form 4: Nicolet Bankshares Director Hector Colon Acquires Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Director Hector Colon acquired shares of Nicolet Bankshares Inc. through a deferred compensation plan.
Summary
- On July 26, 2024, Hector Colon, a director of Nicolet Bankshares Inc., acquired 194.891 shares of common stock at a price of $103.65 per share.
- These shares were acquired through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
- Following the transaction, Mr. Colon directly owns 3,617 shares and indirectly owns 797.069 shares through the deferred compensation plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a director's investment in the company through a standard compensation plan.
Positives
- Director's participation in the deferred compensation plan demonstrates 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.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Hector Colon acquired shares through the deferred compensation plan. |
| 07/30/2024 | Date of signature on the Form 4 filing. |
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