Form 4: Nicolet Bankshares Director John Dykema Reports Acquisition of Shares

Director John Dykema reports acquiring shares of Nicolet Bankshares through the Nicolet National Bank Deferred Compensation Plan and personal holdings.

Summary

• On June 28, 2024, John Dykema acquired 30.554 shares of Nicolet Bankshares common stock at $83.04 per share through the Nicolet National Bank Deferred Compensation Plan.
• On July 16, 2024, Dykema acquired an additional 171.584 shares at $93.22 per share through the same plan by deferring his second quarter 2024 earned board fees.
• Following these transactions, Dykema directly owns 43,477 shares and indirectly owns 9,793 shares through the John Dykema 2020 Trust, and 8,919.138 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as a director increasing their stake is generally viewed favorably, suggesting confidence in the company's prospects.

Positives

• Director's increased stake in the company may signal confidence in its future performance.

Industry Context

Directors acquiring shares in their own company is a common practice in the financial industry, often seen as a positive signal to investors.

Comparison to Industry Standards

• Comparing Dykema's holdings to other regional bank directors would require further research into peer institutions.
• Director ownership is generally viewed positively, but the impact depends on the size of the stake relative to overall ownership and the director's history.

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive sign.

Key Dates