Nicolet Bankshares (NIC) director granted 429-share restricted stock retainer award

Rhea-AI Filing Summary

McCormick Tracy S reported acquisition or exercise transactions in this Form 4 filing.

Nicolet Bankshares director Tracy S. McCormick received 429 shares of common stock as her Board annual retainer, granted as a restricted stock award with immediate full vest on May 19, 2026. The award, valued at $139.63 per share for reporting purposes, increased her direct holdings to 30,226 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCormick Tracy S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	429	$139.63	$60K

Holdings After Transaction: Common Stock — 30,226 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock award: 429 shares Award value per share: $139.63 per share Holdings after award: 30,226 shares

3 metrics

Restricted stock award 429 shares Board annual retainer granted May 19, 2026

Award value per share $139.63 per share Reported transaction price for stock award

Holdings after award 30,226 shares Total direct common stock holdings post-transaction

Key Terms

restricted stock award, Board annual retainer, immediate full vest

3 terms

restricted stock award financial

"granted as a restricted stock award with an immediate full vest of 429 shares"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Board annual retainer financial

"The Company paid Ms. McCormick the Board annual retainer, granted as a restricted stock award"

immediate full vest financial

"restricted stock award with an immediate full vest of 429 shares"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCormick Tracy S

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 N. WASHINGTON STREET

(Street)

GREEN BAY WISCONSIN 54301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NICOLET BANKSHARES INC [ NIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/19/2026		A		429(1)	A	$139.63	30,226	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Company paid Ms. McCormick the Board annual retainer, granted as a restricted stock award with an immediate full vest of 429 shares, as of May 19, 2026.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Tracy S. McCormick	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Nicolet Bankshares (NIC) disclose for Tracy S. McCormick?

Nicolet Bankshares disclosed that director Tracy S. McCormick received 429 shares of common stock as part of her Board annual retainer. The shares were granted as a restricted stock award with immediate full vesting as of May 19, 2026, increasing her direct holdings.

Was the Nicolet Bankshares (NIC) Form 4 transaction an open-market purchase or a grant?

The Form 4 shows a grant, not an open-market purchase. Tracy S. McCormick received 429 shares coded as a grant, award, or other acquisition, representing her Board annual retainer, delivered as a restricted stock award that fully vested immediately on May 19, 2026.

How many Nicolet Bankshares (NIC) shares does Tracy S. McCormick hold after this Form 4?

After the award, Tracy S. McCormick directly holds 30,226 shares of Nicolet Bankshares common stock. This total reflects the addition of 429 shares granted as her annual Board retainer, issued as a restricted stock award with immediate full vesting on May 19, 2026.

What is the reported value per share for Tracy S. McCormick’s Nicolet Bankshares (NIC) stock award?

The reported value per share for the award is $139.63. This price is used in the Form 4 to indicate the value of the 429-share restricted stock award that represents Ms. McCormick’s Board annual retainer and fully vested as of May 19, 2026.

How is the Board annual retainer paid to directors at Nicolet Bankshares (NIC) in this case?

In this case, the company paid Tracy S. McCormick’s Board annual retainer in stock rather than cash. She received 429 shares as a restricted stock award with immediate full vesting on May 19, 2026, aligning director compensation with Nicolet Bankshares equity performance.