Form 4: Nicolet Bankshares EVP Brad Hutjens Reports Stock Option Exercise and Share Disposals
SEC Form 4
Brad Hutjens, EVP CCO of Nicolet National Bank, reports exercising stock options and disposing of shares, along with an update on shares held in the Employee Stock Purchase Plan.
Summary
- Brad Hutjens, EVP CCO of Nicolet National Bank, filed a Form 4 detailing changes in beneficial ownership of Nicolet Bankshares Inc. stock.
- On March 5, 2024, Hutjens exercised a stock option for 5,000 shares at a price of $23.80.
- Also on March 5, 2024, Hutjens disposed of 4,900 shares at $80.80 and 100 shares at $80.995.
- Hutjens directly owns 26,571 shares of common stock following these transactions.
- Hutjens also indirectly owns 1,818 shares through a 401(k) plan.
- Hutjens owns 629 shares in the Employee Stock Purchase Plan, including 34 shares acquired since the last Form 4 filing on November 22, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 10/28/2019 | Non-qualified stock option fully vested |
| 11/22/2023 | Date of Mr. Hutjens' last Form 4 filing |
| 03/05/2024 | Date of stock option exercise and share disposals |
| 03/06/2024 | Date of Form 4 filing |
| 10/28/2024 | Expiration date of stock option |
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