Form 4: Nicolet Bankshares Director Robert J. Weyers Reports Share Acquisitions Through Deferred Compensation and Family Entities

Director Robert J. Weyers of Nicolet Bankshares Inc. reports acquiring shares through a deferred compensation plan and various family investment entities.

Summary

• Robert J. Weyers, a director at Nicolet Bankshares Inc., has reported changes in his beneficial ownership of the company's stock.
• He acquired 55.525 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring his fourth quarter 2024 board fees.
• Additionally, 23.170 shares were received as dividend reinvestment in the same plan from a cash dividend paid on December 16, 2024.
• Weyers also has indirect ownership through RJW Family Investments LLC (3,500 shares), Ronald and Colleen Weyers Grandchildren's Trust #2 (12,333 shares), and Weyers Family Limited Partnership (25,250 shares).
• Weyers disclaims beneficial ownership of shares held by these entities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects standard transactions related to director compensation and investment, indicating a neutral to slightly positive sentiment due to the director's increased stake in the company.

Positives

• The acquisition of shares through the deferred compensation plan indicates a commitment to the company by the director.
• Dividend reinvestment further increases the director's stake in the company.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in the financial industry.

Comparison to Industry Standards

• Similar filings are common for directors and officers of publicly traded companies, such as those at other regional banks like Associated Banc-Corp or First Midwest Bancorp.
• The use of deferred compensation plans and family investment vehicles for stock ownership is also a standard practice among executives and directors in the financial sector.

Stakeholder Impact

• The increased share ownership by a director may be viewed positively by shareholders, indicating confidence in the company's future.

Key Dates

Keywords

Nicolet Bankshares, Robert J. Weyers, beneficial ownership, deferred compensation, director, share acquisition, dividend reinvestment, family investments