Form 4: Nicolet Bankshares Director Weyers Reports Share Acquisition and Beneficial Ownership

Robert J. Weyers, a director of Nicolet Bankshares, reported acquiring 62 shares of common stock and detailed his beneficial ownership across various entities.

Summary

• On April 16, 2024, Robert J. Weyers, a director of Nicolet Bankshares Inc., acquired 62 shares of common stock at a price of $77.66 per share.
• Following the transaction, Weyers directly owns 51,530 shares of Nicolet Bankshares common stock.
• Weyers also has indirect ownership through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors (9,008 shares), 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: 5

Explanation: The sentiment is neutral as it is a standard disclosure of share acquisition by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis, with firms like Bloomberg, FactSet, and Thomson Reuters providing tools to track such activities.
• Comparing the size and frequency of insider transactions to those of peer companies such as Associated Banc-Corp or Green Bay Packers, Inc. (privately held) can provide context.
• Analyzing the ratio of insider buys to sells can indicate overall sentiment among company leadership.

Stakeholder Impact

• Shareholders may view the director's share acquisition as a positive sign, reflecting confidence in the company's performance.

Key Dates