Form 4: Nicolet Bankshares Director Increases Stake Through Deferred Compensation and Dividend Reinvestment

Nicolet Bankshares Inc. Director John Nicholas Dykema increased his indirect beneficial ownership of common stock through deferred compensation and dividend reinvestment.

Summary

• Director John Nicholas Dykema acquired 242.935 shares of Nicolet Bankshares Inc. common stock on July 15, 2025.
• The shares were acquired at a price of $126.17 per share.
• The acquisition was made indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The shares were obtained by deferring his second quarter 2025 earned board fees and his annual Nicolet Board cash retainer.
• The reported beneficial ownership in this specific deferred compensation plan following the transaction is 9,528.296 shares.
• This total includes 25.435 shares received as dividend reinvestment from a cash dividend paid by Nicolet Bankshares, Inc. on June 13, 2025.

Sentiment

Score: 8

Explanation: The acquisition of additional shares by a director, particularly through a deferred compensation plan and dividend reinvestment, is a strong positive signal of confidence in the company's long-term prospects and aligns management's interests with shareholders.

Positives

• Director John Nicholas Dykema increased his beneficial ownership in Nicolet Bankshares Inc., signaling confidence in the company's future prospects.
• The acquisition was facilitated through a deferred compensation plan, which aligns director incentives with shareholder interests.
• Shares were also acquired via dividend reinvestment, indicating a long-term investment strategy and commitment to the company.

Negatives

• None identified in this filing.

Risks

• No specific risks related to this transaction are disclosed in the filing.

Future Outlook

This Form 4 filing details an insider transaction and does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends. It reflects a director's personal investment decision within the banking sector.

Related Party Transactions

• The acquisition of shares by Director John Nicholas Dykema occurred through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, which is a standard compensation arrangement for board members.

Stakeholder Impact

• Shareholders: The director's increased stake through deferred compensation and dividend reinvestment signals confidence in the company's future performance, potentially boosting investor sentiment.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

Keywords

Nicolet Bankshares, NIC, Director, Insider Transaction, SEC Form 4, Deferred Compensation, Dividend Reinvestment, Stock Acquisition, Financial Services, Banking