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 April 23, 2025, according to a Form 4 filing with the SEC.

Summary

• On April 23, 2025, Robert Atwell, a director of Nicolet Bankshares, exercised stock options to acquire 20,000 shares of common stock at a price of $48.85 per share.
• Following the exercise, Atwell sold a total of 6,182 shares in multiple transactions at weighted average prices ranging from $115.40 to $118.08.
• A portion of the shares were also disposed of to cover tax obligations related to the option exercise, with 13,808 shares disposed of at $117.48.
• After these transactions, Atwell directly owns 33,816 shares of Nicolet Bankshares common stock.
• Atwell also indirectly owns 339.868 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• He also holds options to purchase 55,000 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine insider transactions. There's no indication of positive or negative sentiment towards the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Tracking insider transactions is a standard practice in financial analysis.
• Comparable companies such as Associated Banc-Corp and Green Bay Packers Inc. are also subject to similar insider trading regulations and reporting requirements.
• The volume of shares traded and the nature of the transactions (option exercise followed by sales) are typical for executive compensation and portfolio management.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates

Keywords

Form 4, Nicolet Bankshares, Robert Atwell, Stock Options, Share Sale, Director, Beneficial Ownership