Form 4: Nicolet Bankshares Director Hetzel Jr. Increases Stake Through Deferred Compensation Plan

Director Andrew F. Hetzel Jr. acquired additional shares of Nicolet Bankshares through the company's deferred compensation plan.

Summary

• Andrew F. Hetzel Jr., a director of Nicolet Bankshares Inc., acquired 9.418 shares of common stock on April 15, 2025, through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition price was $105.14 per share.
• Following the transaction, Hetzel directly owns 8,218 shares and indirectly owns 1,748.83 shares through the deferred compensation plan.
• The indirect holdings include 4.13 shares received as dividend reinvestment on March 17, 2025.

Sentiment

Score: 7

Explanation: Director's increased stake is a positive signal, but it's part of a compensation plan, so the impact is moderate.

Positives

• The director's participation in the deferred compensation plan signals confidence in the company's future.

Industry Context

Insider transactions are closely watched as indicators of management's sentiment about the company's prospects. A director increasing their stake can be seen as a positive sign.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.

Key Dates

Keywords

Nicolet Bankshares, Director, Share Acquisition, Deferred Compensation, Form 4, NIC, Insider Trading