Form 4: Nicolet Bankshares Director Robert Atwell Reports Share Transaction

Director Robert Atwell of Nicolet Bankshares Inc. reports a transaction involving the withholding of shares to cover tax obligations.

Summary

• Robert Atwell, a director at Nicolet Bankshares Inc., filed a Form 4 indicating a transaction on November 14, 2024.
• The transaction involved the withholding of 318 common shares at a price of $111.79 per share to satisfy tax obligations related to vested restricted stock.
• Following the transaction, Atwell directly owns 32,997 common shares.
• He 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.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral event. The transaction is expected and does not suggest any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions, which is common for directors of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this transaction is consistent with typical tax-related share withholdings.
• Similar transactions are regularly reported by directors and officers of other publicly listed companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share withholding.

Key Dates

Keywords

Form 4, Nicolet Bankshares, Robert Atwell, share transaction, insider trading, tax obligation, director, common stock