Form 4: Nicolet Bankshares Executive Receives Restricted Stock Award
SEC Form 4 Filing
William M. Bohn, EVP of Wealth Management at Nicolet Bank, was granted 2,125 shares of restricted stock on November 19, 2024.
Summary
- William M. Bohn, an Executive Vice President at Nicolet Bankshares, received 2,125 shares of restricted common stock on November 19, 2024.
- The shares were awarded at a price of $109.82 per share.
- These restricted shares will vest annually in five equal installments starting November 19, 2025, and will be fully vested by November 19, 2029.
- Following this transaction, Mr. Bohn directly owns 12,125 shares of Nicolet Bankshares common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning management interests with shareholders. There are no negative implications.
Positives
- The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
- The vesting schedule encourages continued service and contribution from the executive.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This type of stock award is a common practice in the financial industry to incentivize and retain key executives.
Comparison to Industry Standards
- Restricted stock awards are a standard form of compensation for executives in the banking and financial services industry.
- Vesting schedules of 3-5 years are typical to ensure long-term alignment with company performance.
- Many comparable regional banks use similar equity-based compensation plans to attract and retain talent.
Stakeholder Impact
- The stock award aligns the executive's interests with shareholders, potentially leading to better long-term performance.
- The vesting schedule encourages the executive's continued service, which benefits the company and its stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/19/2024 | Date of the restricted stock award. |
| 11/21/2024 | Date the Form 4 was signed. |
| 11/19/2025 | First vesting date of the restricted stock. |
| 11/19/2029 | Final vesting date of the restricted stock. |
Keywords
restricted stock, stock award, executive compensation, Nicolet Bankshares, insider transaction, vesting
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