Form 4: Nicolet Bankshares Director Smith Acquires Shares as Part of Board Retainer

Director Oliver Pierce Smith acquired 404 shares of Nicolet Bankshares Inc. as part of his annual board retainer.

Summary

• On May 20, 2025, Oliver Pierce Smith, a director of Nicolet Bankshares Inc., acquired 404 shares of common stock.
• The acquisition was part of the annual board retainer, granted as a restricted stock award with immediate full vesting.
• The price per share was $123.48.
• Following the transaction, Smith directly owns 445,687 shares of Nicolet Bankshares Inc.
• Smith also indirectly owns 1,771.575 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation, indicating stability and alignment of interests, but not necessarily a major positive catalyst.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's sentiment towards the company's prospects.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of directors with those of shareholders.
• The size of the stock award (404 shares) is relatively small compared to the total shares owned by the director (445,687), suggesting it's a routine part of the compensation.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates

Keywords

Nicolet Bankshares, Director, Share Acquisition, Form 4, Oliver Pierce Smith, Board Retainer, Restricted Stock, Beneficial Ownership