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

Director Robert Atwell acquired 626 shares of Nicolet Bankshares as part of his annual board retainer.

Summary

• Robert Bruce Atwell, a director of Nicolet Bankshares Inc., acquired 626 shares of common stock on May 28, 2024.
• 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, Atwell directly owns 43,515 shares of Nicolet Bankshares.
• He also indirectly owns 25 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors and 150 shares through his son's UTMA account.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard compensation practice and insider confidence, but it's not a major event.

Positives

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

Industry Context

Insider transactions are routinely monitored as indicators of management's perspective on the company's valuation and future prospects. This transaction reflects standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of board members with those of shareholders.
• Companies like JPMorgan Chase and Bank of America also use stock awards as part of their director compensation.
• The size of the stock award is typical for regional banks of Nicolet Bankshares' size.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.

Key Dates