Form 4: Nicolet Bankshares Director Weyers Reports Acquisition of Shares Through Deferred Compensation Plan

Robert J. Weyers, a director of Nicolet Bankshares, reported acquiring shares through the Nicolet National Bank Deferred Compensation Plan and dividend reinvestment, while also holding shares indirectly through family investment vehicles.

Summary

• Robert J. Weyers, a director at Nicolet Bankshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On October 15, 2024, Weyers acquired 45.107 shares through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors at a price of $98.91 per share.
• He also indirectly owns shares 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.
• Weyers also received 26.763 shares as dividend reinvestment in the Nicolet National Bank Deferred Compensation Plan from Nicolet Bankshares, Inc. paid cash dividend on September 16, 2024.
• Following the reported transactions, Weyers directly owns 52,156 shares and indirectly owns 9,332.207 shares through the Nicolet National Bank Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of share acquisitions through a deferred compensation plan and dividend reinvestment, indicating a director's continued investment in the company, but without strong positive or negative implications.

Positives

• The director's participation in the deferred compensation plan and dividend reinvestment indicates confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Comparison to Industry Standards

• Comparing Weyers' holdings and transactions to those of other directors in similar-sized regional banks would provide a benchmark for assessing the significance of his investment.
• Analyzing the prevalence of deferred compensation plans and dividend reinvestment programs among Nicolet Bankshares' peers could offer insights into the company's compensation practices.

Stakeholder Impact

• The director's investment may be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates