Form 4: Nicolet Bankshares Director Increases Stake Through Deferred Compensation Plan
Insider Transaction Report
A director at Nicolet Bankshares Inc. has increased her indirect beneficial ownership of common stock through a deferred compensation plan and dividend reinvestment.
Summary
- Marcia M. Anderson, a Director of Nicolet Bankshares Inc. (NIC), acquired 86.203 shares of common stock on July 15, 2025, at a price of $126.17 per share.
- This acquisition was made through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, by deferring a portion of her second quarter 2025 earned board fees and annual cash retainer.
- Her indirect beneficial ownership in the deferred compensation plan now totals 398.966 shares, which includes an additional 0.857 shares received from dividend reinvestment on June 13, 2025.
- Following these transactions, Ms. Anderson's total beneficial ownership stands at 2,974.966 shares, comprising 2,576 shares held directly and 398.966 shares held indirectly through the deferred compensation plan.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as a director is increasing their stake in the company, albeit through a compensation deferral mechanism rather than an open market purchase, indicating alignment of interests.
Positives
- A director is increasing her stake in the company, indicating confidence in the company's future.
- The acquisition is through a deferred compensation plan, aligning the director's long-term interests with shareholders.
Future Outlook
The document does not contain any forward-looking statements or guidance beyond the reported transaction details.
Industry Context
This is a routine insider transaction for a financial institution, reflecting a director's compensation structure and personal investment in the company. Such transactions are common in the banking sector as part of executive and director compensation packages.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | NA | Marcia M. Anderson | NA | Confirmation of existing role, not a change. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Structure | The transaction highlights the existence and use of the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, a standard corporate governance mechanism for director compensation. | NA | Aligns director's financial interests with long-term shareholder value by deferring compensation into company stock. |
Stakeholder Impact
- Shareholders: Positive, as a director's increased stake through compensation deferral can signal confidence in the company's long-term prospects and aligns management interests with shareholder returns.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Date of cash dividend payment from which 0.857 shares were received via dividend reinvestment. |
| 07/15/2025 | Date of transaction for the acquisition of 86.203 shares. |
| 07/17/2025 | Date the Form 4 filing was signed. |
Keywords
Nicolet Bankshares, NIC, Form 4, insider transaction, director, share acquisition, deferred compensation, beneficial ownership, financial services, banking
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