Form 4: Nicolet Bankshares Director McClone Acquires Shares as Part of Board Retainer

Director Dustin James McClone acquired 404 shares of Nicolet Bankshares Inc. as part of his annual board retainer on May 20, 2025.

Summary

• On May 20, 2025, Dustin James McClone, a director of Nicolet Bankshares Inc., acquired 404 shares of common stock.
• The acquisition was part of his annual board retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $123.48.
• Following the transaction, McClone directly owns 4,820 shares of common stock.
• McClone also indirectly owns 1,668.882 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of shares is a positive sign, indicating confidence in the company. The transaction is part of a standard compensation package, so it's not a major surprise.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The immediate vesting of the restricted stock award aligns the director's interests with those of the shareholders.

Industry Context

This type of stock grant is a common practice for compensating board members in the banking industry, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers and equity grants.
• The size and structure of the equity grant are generally benchmarked against peer companies in the banking sector to ensure competitiveness.
• Companies like Associated Banc-Corp and Green Bay Packers Inc. also use similar compensation methods.

Stakeholder Impact

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

Key Dates

Keywords

Nicolet Bankshares, Director, McClone, Share Acquisition, Board Retainer, Restricted Stock, Beneficial Ownership, Form 4