Form 4: Nicolet Bankshares Executive Brad Hutjens Executes Stock Option and Sells Shares
SEC Form 4
EVP Brad Hutjens of Nicolet Bankshares exercised stock options and sold shares on October 23 and 24, 2024.
Summary
- Brad Hutjens, EVP CCO of Nicolet National Bank, executed stock options and sold shares of Nicolet Bankshares Inc. on October 23 and 24, 2024.
- On October 23, 2024, Hutjens exercised options to acquire 200 shares at $48.85 and sold 200 shares at $101.85.
- On October 24, 2024, Hutjens exercised options to acquire 7,661 shares at $48.85 and sold 4,300 shares at $101.85 and 3,361 shares at $102.85.
- Following these transactions, Hutjens directly owns 26,674 shares and indirectly owns 1,818 shares through a 401(k) plan.
- He also directly owns options to purchase 46,139 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into an executive's view of the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 05/16/2018 | Nonqualified options vest in five annual installments beginning on this date. |
| 05/16/2022 | Nonqualified options fully vest on this date. |
| 07/22/2024 | Date of Mr. Hutjens' last Form 4 filing. |
| 10/23/2024 | Hutjens exercised options and sold shares. |
| 10/24/2024 | Hutjens exercised options and sold shares. |
| 05/16/2027 | Expiration date of stock options. |
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