Form 4: Nicolet Bankshares EVP William Bohn Acquires Shares and Stock Options

William M. Bohn, EVP Wealth Management at Nicolet Bankshares, acquired 10,000 shares of common stock and 50,000 stock options on April 15, 2024.

Summary

• William M. Bohn, an EVP at Nicolet Bankshares, filed a Form 4 detailing changes in beneficial ownership.
• On April 15, 2024, Bohn acquired 10,000 shares of Nicolet Bankshares common stock at a price of $77.66 per share.
• Bohn also acquired options to purchase 50,000 shares of common stock at an exercise price of $77.66.
• The restricted stock award of 10,000 shares will vest in five annual installments of 2,000 shares annually on April 15 of each year, beginning April 15, 2025, and will fully vest on April 15, 2029.
• The nonqualified option grant of 50,000 shares will vest in five annual installments of 10,000 shares annually on April 15 of each year, beginning on April 15, 2025, and will fully vest on April 15, 2029.
• Following these transactions, Bohn directly owns 10,000 shares and options to purchase 50,000 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock and option grants to an executive. The acquisition could be interpreted as a positive sign of confidence, but it's not overtly bullish.

Positives

• The acquisition of shares and options by an executive could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements about the company's future performance, but the vesting schedules for the stock and options extend to 2029.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. These filings are closely watched by investors to gauge management's sentiment and confidence in the company.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock to align management's interests with those of shareholders.
• The vesting schedules described in the document are typical for such grants, usually spanning several years to incentivize long-term performance.

Stakeholder Impact

• The acquisition of shares and options by an executive could increase shareholder confidence.
• The vesting schedule incentivizes the executive to contribute to the company's long-term success, potentially benefiting all stakeholders.

Key Dates