Form 4: Nicolet Bankshares Director Weyers Reports Changes in Beneficial Ownership

Director Robert J. Weyers reports transactions involving Nicolet Bankshares stock, including acquisitions through deferred compensation plans and holdings in family investment entities.

Summary

• Robert J. Weyers, a director of Nicolet Bankshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On June 28, 2024, Weyers acquired 30.636 shares at $83.04 through the Nicolet National Bank Deferred Compensation Plan.
• On July 16, 2024, he acquired 26.81 shares at $93.22 through the same deferred compensation plan by deferring his second quarter 2024 earned board fees.
• 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 RJW Family Investments LLC, Ronald and Colleen Weyers Grandchildren's Trust #2, and Weyers Family Limited Partnership, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document simply reports transactions. The acquisitions through the deferred compensation plan are a mildly positive signal.

Positives

• The director's participation in the deferred compensation plan indicates confidence in the company's future performance.
• The director increased his holdings in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Stakeholder Impact

• Shareholders may view insider transactions as a signal of management's confidence in the company.

Key Dates