Form 4: Nicolet Bankshares Director Marcia M. Anderson Reports Acquisition of Shares Through Deferred Compensation Plan

Marcia M. Anderson, a director of Nicolet Bankshares Inc., reports acquiring additional shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Summary

• On April 15, 2025, Marcia M. Anderson, a director of Nicolet Bankshares Inc., acquired 21.19 shares of common stock through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• The acquisition was made by deferring a portion of her first quarter 2025 earned board fees at a price of $105.14 per share.
• Following the transaction, Anderson beneficially owns a total of 2,172 direct shares and 311.906 indirect shares through the Nicolet National Bank Deferred Compensation Plan.
• The indirect holdings include 0.69 shares received as dividend reinvestment from a cash dividend paid on March 17, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, indicating confidence in the company's prospects. However, the transaction is part of a standard compensation plan, so it's not a major event.

Positives

• Director's participation in the deferred compensation plan demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, common in publicly traded companies. It reflects standard practices for executive compensation and alignment of interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice in the banking industry.
• Many regional banks offer similar plans to attract and retain qualified board members.
• The specific terms of the Nicolet National Bank Deferred Compensation Plan would need to be compared to those of peer institutions to assess its competitiveness.

Related Party Transactions

• The acquisition of shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It signals that a director is invested in the company's success, which can be viewed positively by shareholders.

Key Dates

Keywords

Nicolet Bankshares, Director, Share Acquisition, Deferred Compensation, Form 4, Beneficial Ownership, Dividend Reinvestment