Form 4: Nicolet Bankshares Executive Sells Shares to Cover Tax Obligations

Eric James Witczak, EVP & Secretary of Nicolet Bankshares, sold 194 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• Eric James Witczak, an Executive Vice President and Secretary at Nicolet Bankshares, sold 194 shares of common stock on November 14, 2024.
• The sale was executed at a price of $111.79 per share.
• These shares were sold to satisfy tax obligations related to vested restricted stock.
• Following the transaction, Mr. Witczak directly owns 25,336 shares of Nicolet Bankshares.
• He also indirectly owns 6,783 shares through a 401(k) plan.
• Mr. Witczak owns a total of 971 shares in the Employee Stock Purchase Plan as of the date of this report.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes, which is neither positive nor negative.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend or issue within the banking industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, including banks like Nicolet Bankshares.
• The sale of shares to cover tax obligations is a common occurrence among executives who receive stock-based compensation.
• Comparable companies would also have similar filings when their executives sell shares.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

Nicolet Bankshares, insider trading, Form 4, stock sale, executive compensation, tax obligations, restricted stock, employee stock purchase plan