Form 4: Nicolet Bankshares Director Robert Atwell Exercises Options and Sells Shares

Robert Atwell, a director of Nicolet Bankshares, exercised stock options and sold shares of common stock on October 18, 2024.

Summary

• On October 18, 2024, Robert Atwell, a director of Nicolet Bankshares Inc., exercised stock options to acquire 2,908 shares of common stock at a price of $48.85 per share.
• Following the exercise of options, Atwell sold 2,908 shares of common stock in multiple transactions at prices ranging from $103.00 to $104.03.
• After these transactions, Atwell directly owns 35,815 shares of Nicolet Bankshares common stock.
• Atwell also indirectly owns 268.354 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors and 150 shares through his son's UTMA account.
• He also holds options exercisable for 152,092 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors and officers, allowing investors to monitor potential alignment of interests between management and shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• Similar filings are made by executives and directors of other regional banks, such as Associated Banc-Corp and Green Bay's other bank, to report transactions in their company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by increasing the float of available shares.

Key Dates