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

Director Robert Atwell acquired 404 shares of Nicolet Bankshares as part of his annual board retainer.

Summary

• Robert Bruce Atwell, a director of Nicolet Bankshares Inc., acquired 404 shares of common stock on May 20, 2025.
• The acquisition was part of the annual board retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $123.48.
• Following the transaction, Atwell directly owns 34,220 shares of Nicolet Bankshares.
• Atwell also indirectly owns 339.868 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares as part of their compensation package is generally a good sign, indicating alignment with shareholder interests.

Positives

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

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The specific amount and structure of equity grants vary widely based on company size, performance, and industry benchmarks.
• Comparing Nicolet Bankshares' director compensation to peers like Associated Banc-Corp or Green Bay Packers Inc. (if publicly traded) would provide further context.

Stakeholder Impact

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

Key Dates

Keywords

Nicolet Bankshares, Robert Atwell, Director, Stock Acquisition, Form 4, Board Retainer, Restricted Stock, Beneficial Ownership