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

Director Dustin James McClone increased his holdings in Nicolet Bankshares through participation in the deferred compensation plan and dividend reinvestment.

Summary

• Dustin James McClone, a director of Nicolet Bankshares Inc., acquired additional shares of common stock.
• The acquisition occurred on April 15, 2025.
• Mr. McClone acquired 37.672 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his first quarter 2025 board fees at a price of $105.14 per share.
• He also indirectly owns 1,668.882 shares through the Nicolet National Bank Deferred Compensation Plan, which includes 3.873 shares received as dividend reinvestment from a cash dividend paid on March 17, 2025.
• Following the transaction, Mr. McClone directly owns 4,416 shares and indirectly owns 1,668.882 shares.
• H. Phillip Moore, Jr., as attorney-in-fact, signed the form on April 17, 2025.

Sentiment

Score: 7

Explanation: Director increasing stake is generally positive, indicating confidence. However, it's a routine transaction.

Positives

• Director's participation in the deferred compensation plan signals confidence in the company's future.
• Dividend reinvestment further demonstrates a long-term commitment to the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's increased investment in the company, which is generally viewed positively by the market.

Comparison to Industry Standards

• Director ownership is common across the banking industry.
• Deferred compensation plans are a typical way for directors to be compensated.
• Comparing McClone's ownership percentage to other directors in similar-sized regional banks (e.g., Associated Banc-Corp, Green Bay, WI) would provide a benchmark for assessing the significance of his holdings.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.
• The impact on other stakeholders is likely minimal.

Key Dates

Keywords

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