Form 4: Nicolet Bankshares Director Oliver Pierce Smith Acquires Shares as Part of Board Retainer

Director Oliver Pierce Smith acquired 626 shares of Nicolet Bankshares as part of his annual board retainer.

Summary

• On May 28, 2024, Oliver Pierce Smith, a director of Nicolet Bankshares Inc., acquired 626 shares of common stock.
• The acquisition was part of the Board annual retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $79.83.
• Following the transaction, Mr. Smith directly owns 445,283 shares of Nicolet Bankshares.
• Mr. Smith also indirectly owns 1,752 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The director's acquisition of shares can be seen as a positive sign of confidence in the company.

Positives

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

Industry Context

This is a routine disclosure related to director compensation and is common in the banking industry.

Comparison to Industry Standards

• Director compensation in the form of stock awards is a common practice among publicly traded companies, including regional banks like Nicolet Bankshares.
• The amount of stock awarded as part of the annual retainer would be benchmarked against peer institutions of similar size and market capitalization.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.
• The transaction has no material impact on employees, customers, suppliers, or creditors.

Key Dates