Form 4: Nicolet Bankshares Director Hetzel Jr. Acquires Shares Through Deferred Compensation Plan

Director Andrew F. Hetzel Jr. acquired shares of Nicolet Bankshares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Summary

• On July 26, 2024, Andrew F. Hetzel Jr., a director of Nicolet Bankshares Inc., acquired 194.891 shares of common stock.
• The acquisition was made through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The price per share was $103.65.
• Following the transaction, Hetzel directly owns 8,218 shares and indirectly owns 1,706.797 shares through the deferred compensation plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, but it's part of a compensation plan, so it's not necessarily a strong indicator of future performance.

Positives

• Director Hetzel's acquisition of shares may signal confidence in the company's future performance.

Industry Context

Directors acquiring company stock is a common practice and can be seen as a positive sign, aligning their interests with those of shareholders.

Related Party Transactions

• The transaction involves the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, indicating a related-party relationship.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder confidence.

Key Dates