Form 4: Nicolet Bankshares Director Lynn Dale Davis Acquires Shares as Part of Board Retainer

Director Lynn Dale Davis acquired 404 shares of Nicolet Bankshares Inc. as part of the annual board retainer.

Summary

• On May 20, 2025, Lynn Dale Davis, a director of Nicolet Bankshares Inc., acquired 404 shares of common stock.
• The acquisition was part of the annual board retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $123.48.
• Following the transaction, Mr. Davis beneficially owns 12,303.876 shares of Nicolet Bankshares Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The transaction is part of a standard compensation package, so it's not an unexpected event.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Directors receiving stock as part of their compensation is a common practice in the banking industry to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages vary across the banking industry, but equity-based compensation is a common component.
• Comparing the size of this stock grant to those of directors at similar-sized regional banks (e.g., Associated Banc-Corp, Green Bay, WI) would provide context on whether this is a typical arrangement.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Nicolet Bankshares, Director, Share Acquisition, Form 4, Board Retainer, Restricted Stock, Davis, Lynn Dale Davis