Form 4: Nicolet Bankshares Director Lynn Dale Davis Reports Stock Acquisitions

Director Lynn Dale Davis of Nicolet Bankshares Inc. reports several acquisitions of common stock through dividend reinvestment and a restricted stock award.

Summary

• Lynn Dale Davis, a director of Nicolet Bankshares Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report includes several transactions involving the acquisition of common stock.
• Davis acquired shares through dividend reinvestments on June 15, 2023 (7.423 shares at $75.306), September 15, 2023 (10.795 shares at $71.75), December 15, 2023 (10.092 shares at $79.66), and March 15, 2024 (9.566 shares at $81.93).
• On May 28, 2024, Davis acquired 626 shares as a restricted stock award for the Board annual retainer, valued at $79.83 per share.
• Following these transactions, Davis beneficially owns 11,899.876 shares of Nicolet Bankshares Inc. common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director increasing their stake is generally a good sign, but it's routine due to dividend reinvestments and compensation.

Positives

• The director's increased stake in the company could be seen as a positive signal.

Industry Context

Directors acquiring company stock is a common practice, often seen as a sign of confidence in the company's future performance. Dividend reinvestment plans are a standard way for shareholders, including directors, to increase their holdings.

Comparison to Industry Standards

• Comparing Davis's transactions to similar filings by directors at regional banks like Associated Banc-Corp or Green Bay's own Baylake Corp (if it were still publicly traded) would provide context.
• Director ownership as a percentage of total shares outstanding is a key metric to benchmark against peers.

Stakeholder Impact

• The increased ownership by a director could positively influence shareholder confidence.

Key Dates