Form 4: Nicolet Bankshares Director Marcia M. Anderson Acquires Shares as Part of Board Retainer

Director Marcia M. Anderson acquired 626 shares of Nicolet Bankshares Inc. as part of her annual board retainer.

Summary

• On May 28, 2024, Marcia M. Anderson, a director of Nicolet Bankshares Inc., acquired 626 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 $79.83.
• Following the transaction, Anderson directly owns 2,172 shares and indirectly owns 282 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 it reflects a routine transaction related to director compensation, indicating alignment of interests.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of directors with those of shareholders.
• The size of the stock award is typical for board retainers in similar-sized financial institutions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates