Form 4: Nicolet Bankshares Director Hector Colon Reports Acquisition of Shares Through Deferred Compensation Plan

Director Hector Colon reports acquiring shares of Nicolet Bankshares through a deferred compensation plan and dividend reinvestment.

Summary

• Hector Colon, a director of Nicolet Bankshares Inc., reported acquiring 41.643 shares of common stock on January 21, 2025, through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition was made by deferring his fourth quarter 2024 earned board fees at a price of $107.86 per share.
• Additionally, Mr. Colon's holdings include 2.010 shares received as dividend reinvestment from Nicolet Bankshares, Inc. paid on December 16, 2024.
• Following the reported transaction, Mr. Colon directly owns 3,392 shares and indirectly owns 853.049 shares through the deferred compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the deferred compensation plan and dividend reinvestment program suggests confidence in the company, but the filing itself is a routine disclosure.

Positives

• The director's participation in the deferred compensation plan and dividend reinvestment program demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often participate in deferred compensation plans and dividend reinvestment programs as part of their overall compensation and investment strategy.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice in the banking industry.
• Many regional banks, such as Associated Banc-Corp and Green Bay-based Baylake Corp (prior to its acquisition), have similar programs to attract and retain qualified board members.
• Dividend reinvestment programs are also standard, allowing shareholders to increase their holdings efficiently.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding insider transactions, which can influence investor confidence.

Key Dates

Keywords

Nicolet Bankshares, Director, Hector Colon, Deferred Compensation, Dividend Reinvestment, Share Acquisition, Form 4