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

Robert Bruce Atwell, a director of Nicolet Bankshares, exercised stock options and sold shares on July 19, 2024, according to a Form 4 filing with the SEC.

Summary

• On July 19, 2024, Robert Bruce Atwell, a director of Nicolet Bankshares, exercised stock options to acquire 10,000 shares of common stock at a price of $48.85 per share.
• Following the exercise of options, Atwell sold 10,000 shares at a weighted average price of $97.97, 3,330 shares at a weighted average price of $97.50, and 1,670 shares at a weighted average price of $98.20.
• On July 22, 2024, Atwell gifted 1,000 shares of common stock.
• After these transactions, 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.
• Atwell holds options to purchase 165,000 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company directors. It's common for directors 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 beneficial ownership.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates