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 on July 23, 2024, according to a Form 4 filing with the SEC.

Summary

• On July 23, 2024, Robert Atwell, a director of Nicolet Bankshares, exercised options to acquire 10,000 shares of common stock at a price of $48.85 per share.
• Following the exercise of the options, Mr. Atwell sold a total of 10,000 shares in multiple transactions.
• The sales were executed at weighted average prices of $100.59 for 2,000 shares, $101.70 for 6,963 shares, and $102.64 for 1,037 shares.
• After these transactions, Mr. Atwell directly owns 37,515 shares of Nicolet Bankshares common stock.
• He also indirectly owns 52.7 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors and 150 shares through his son's UTMA account.
• Mr. Atwell continues to hold options exercisable for 155,000 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into the actions of a key company director. It's common for executives to exercise stock options and sell shares for personal financial management.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates