Nicolet Bankshar SEC Filings

Nicolet Bankshares reported a material compensation award for its CEO totaling $12.0 million in grant date value. The award includes 30,000 restricted shares that cliff vest after five years of continued service through December 31, 2030, plus up to 60,000 performance-based restricted stock units (RSUs) that vest over a five-year performance period beginning January 1, 2026. Up to 30,000 RSUs are tied to achieving above-average peer-bank Return on Average Assets percentiles, and up to 30,000 RSUs vest based on cumulative earnings per share targets over the performance period. The company will recognize the $12.0 million value as compensation expense over the five-year vesting period covering 2026 through 2030.

Eric J. Witczak, EVP & Secretary of Nicolet Bankshares, Inc. (NIC), reported multiple transactions on 08/27/2025. He exercised 5,000 stock options at an exercise price of $70.50, increasing his direct holdings to 33,901 shares immediately after that exercise. On the same date he sold 3,412 shares at $139.655 and 1,588 shares at a weighted average price of $139.42 (sales ranged $139.30–$139.64), reducing his direct holdings to 28,901 shares. He reports 6,783 shares indirectly held via a 401(k) plan and 1,042 shares in the Employee Stock Purchase Plan. The filing is signed by an attorney-in-fact on 08/28/2025.

Form 144 filing for Nicolet Bankshares, Inc. (NIC) reports a proposed sale under Rule 144 of 1,588 common shares through Fidelity Brokerage Services LLC with an aggregate market value of $221,399.20 and an approximate sale date of 08/27/2025 on the NYSE. The filing discloses the shares were acquired the same day by stock option exercise and paid in cash on 08/27/2025. The filer also reported two prior sales in the past three months by Eric Witczak: 5,000 shares sold on 07/18/2025 for $698,864.50 and 1,564 shares sold on 08/26/2025 for $213,793.50. The notice includes the required attestation that the seller is not aware of undisclosed material adverse information.

Eric J. Witczak, EVP & Secretary of Nicolet Bankshares, Inc. (NIC), reported multiple equity transactions on 08/26/2025. He exercised or acquired 5,000 shares via a stock option at an exercise price of $70.50 and concurrently disposed of 5,000 common shares in two sales: 3,436 shares at $136.535 and 1,564 shares at a weighted average of $136.7. After these transactions he directly beneficially owned 28,901 shares and indirectly owned 6,783 shares through a 401(k) plan. He also holds 1,042 shares in the Employee Stock Purchase Plan and 15,000 exercisable stock option shares remaining.

Nicolet Bankshares (NIC) Form 144 notice: An individual proposes to sell 1,564 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $213,793.50, scheduled approximately for 08/26/2025. The shares were acquired on 08/26/2025 by stock option exercise from the issuer, and payment was made in cash on that date. The filing discloses one prior sale in the past three months: 5,000 common shares sold on 07/18/2025 for $698,864.50 by Eric Witczak. The filer certifies they are unaware of any undisclosed material adverse information about the issuer and provides the standard legal attestation regarding accuracy of the notice.

Director Robert B. Atwell filed a Form 4 for Nicolet Bankshares (NIC) covering 21 Jul 2025 transactions. He exercised 20,000 stock options at $48.85 (code M), temporarily lifting his direct stake to 54,220 shares. To satisfy taxes (code F) and generate cash, he disposed of 13,096 shares at a weighted $140.11. He then sold an additional 6,904 shares in open-market trades at weighted averages of $138.83, $139.78 and $140.73 (codes S).

After all moves Atwell’s direct holding returned to 34,220 shares—unchanged from pre-exercise levels—plus 521 deferred-plan shares and 15,000 options that remain exercisable through 16 May 2027. The pattern indicates an option cashless exercise: shares acquired and immediately sold/withheld, producing no net increase in ownership.