Form 4: Nicolet Bankshares Director Weyers Receives Stock Award

Director Robert J. Weyers of Nicolet Bankshares Inc. received a stock award of 404 shares on May 20, 2025, as part of his annual board retainer.

Summary

• Robert J. Weyers, a director of Nicolet Bankshares Inc., received 404 shares of common stock on May 20, 2025, as part of his annual board retainer.
• The shares were granted as a restricted stock award with immediate full vesting.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, Weyers directly owns 52,560 shares of Nicolet Bankshares Inc.
• Weyers also has indirect ownership through RJW Family Investments LLC (3,500 shares), Ronald and Colleen Weyers Grandchildren's Trust #2 (12,333 shares), Weyers Family Limited Partnership (25,250 shares), and Nicolet National Bank Deferred Compensation Plan For Non-employee Directors (9,470.967 shares).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock award) for a company director, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative performance or concerns.

Positives

• The stock award to a director aligns his interests with those of the shareholders.
• Immediate vesting of the shares indicates confidence in the director's continued service and contribution to the company.

Industry Context

Stock awards are a common form of compensation for directors of publicly traded companies, aligning their interests with shareholders and incentivizing them to increase company value.

Comparison to Industry Standards

• Director compensation packages vary widely across the banking industry depending on the size and performance of the institution.
• Stock awards are often used in conjunction with cash retainers and committee fees to attract and retain qualified board members.
• Comparing Nicolet Bankshares' director compensation to peers like Associated Banc-Corp or Green Bay-based Baylake Corp (if it were still independent) would provide a better benchmark.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The award has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Nicolet Bankshares, Director, Stock Award, Form 4, Beneficial Ownership, Weyers