Form 4: Nicolet Bankshares Director McClone Increases Holdings Through Deferred Compensation Plan

Director Dustin James McClone increased his indirect holdings of Nicolet Bankshares stock through acquisitions within the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Summary

• Dustin James McClone, a director of Nicolet Bankshares Inc., reported changes in his beneficial ownership of the company's common stock.
• On June 28, 2024, McClone acquired 5.605 shares at $83.04 per share through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• On July 16, 2024, he acquired an additional 10.724 shares at $93.22 per share through the same plan by deferring his second quarter 2024 earned board fees.
• Following these transactions, McClone indirectly owns 1,405.329 shares through the deferred compensation plan.
• McClone also disposed of 4,416 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's increased holdings suggest confidence, but the disposal of shares tempers the positive outlook.

Positives

• Director McClone increased his investment in the company, which could be interpreted as a sign of confidence in Nicolet Bankshares' future prospects.

Negatives

• The document indicates the disposal of 4,416 shares, which could be seen as a negative signal, although the reason for disposal is not specified.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future performance. Acquisitions, especially by directors, are often seen as a positive signal.

Comparison to Industry Standards

• Comparing McClone's transactions to similar filings by directors at regional banks like Associated Banc-Corp or Green Bay's own Baylake Corp (prior to its acquisition) would provide context.
• Analyzing the frequency and size of insider transactions across the banking sector can help determine if McClone's activity is typical or noteworthy.
• Benchmarking the deferred compensation plan against industry standards for director compensation would also be relevant.

Stakeholder Impact

• Shareholders may view the director's increased holdings as a positive signal.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates