Form 4: Nicolet Bankshares Director Increases Stake Through Deferred Compensation

Nicolet Bankshares Inc. Director Robert J. Weyers acquired additional common stock by deferring board fees, signaling continued confidence in the company.

Summary

• Director Robert J. Weyers acquired 172.405 shares of Nicolet Bankshares Inc. (NIC) common stock on July 15, 2025.
• The shares were acquired at a price of $126.17 per share.
• This acquisition was made by deferring his second quarter 2025 earned board fees and annual Nicolet Board cash retainer into the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• Following this transaction, Mr. Weyers beneficially owns 9,669.387 shares in the Deferred Compensation Plan, which includes 26.015 shares from dividend reinvestment on June 13, 2025.
• Mr. Weyers also directly holds 52,560 shares and indirectly holds additional shares through various family entities, including 3,500 shares via RJW Family Investments LLC, 12,333 shares via Ronald and Colleen Weyers Grandchildren's Trust #2, and 25,250 shares via Weyers Family Limited Partnership.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through deferred compensation, indicates continued confidence in the company's future performance, which is a positive signal for investors.

Positives

• A director's acquisition of additional shares, even through deferred compensation, indicates continued confidence in the company's future performance and stability.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged and systematic approach to equity acquisition.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the details of the reported transaction.

Industry Context

This insider transaction reflects a director's personal investment decision within the banking sector, indicating individual confidence in Nicolet Bankshares Inc. amidst broader industry trends.

Related Party Transactions

• The reporting person disclaims beneficial ownership of registrant common stock held by RJW Family Investments, LLC, Ronald and Colleen Weyers Grandchildren's Trust #2, and Weyers Family Limited Partnership, except to the extent of his pecuniary interest. These entities represent indirect holdings through family-related structures.

Stakeholder Impact

• Shareholders may view the director's acquisition of additional shares as a positive signal of management's confidence in the company's prospects, potentially bolstering investor sentiment.

Key Dates

Recommendation

Keywords

Nicolet Bankshares, NIC, Insider Trading, Form 4, Director Stock Acquisition, Deferred Compensation, Financial Services, Banking, Equity Ownership