NIC Form 4 reports multiple insider transactions

Hutjens Brad Vincent reported multiple insider transaction types in a Form 4 filing for NIC.

Accepted by SEC EDGAR 02/17/2026 - 04:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Hutjens Brad Vincent reported multiple insider transaction types in a Form 4 filing for NIC. The filing lists transactions totaling 4,423 shares at a weighted average price of $155.19 per share. Following the reported transactions, holdings were 35,530 shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hutjens Brad Vincent

Role EVP - CCO - Nicolet Natl Bank

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,333	$155.19	$517K
Exercise Price or Tax Liability	Common Stock	1,090	$155.19	$169K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,530 shares (Direct); Common Stock — 1,818 shares (Indirect, By 401(k) Plan)

Holdings Before and After: Common Stock, 33,287 to 35,530 shares (Direct)

Footnotes (3)

1. F1. Restricted stock unit ("RSU") vesting. Per the terms of the RSU, the performance-based metric of successfully closing the merger between Nicolet Bankshares, Inc., and MidWestOne Financial Group was completed on February 13, 2026.
2. F2. Shares withheld to cover the tax liability of the RSU performance vesting on February 13, 2026.
3. F3. Includes shares acquired under the Employee Stock Purchase Plan. Mr. Hutjens has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on January 21, 2026. Mr. Hutjens owns a total of 848 shares in the Employee Stock Purchase Plan as of the date of this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NIC executive Brad Hutjens report?

Brad Hutjens reported vesting of a performance-based RSU that delivered 3,333 shares of Nicolet Bankshares common stock at $155.19 per share. The vesting was triggered when the merger between Nicolet Bankshares, Inc. and MidWestOne Financial Group was successfully closed on February 13, 2026.

Why were some NIC shares disposed of in Brad Hutjens’ Form 4?

The filing shows 1,090 Nicolet Bankshares shares were disposed of at $155.19 per share to cover tax liabilities from the RSU performance vesting on February 13, 2026. This was a tax-withholding disposition, not an open-market sale or discretionary trading decision.

How many NIC shares does Brad Hutjens own after the reported transactions?

After the February 13, 2026 transactions, Brad Hutjens directly owned 35,530 shares of Nicolet Bankshares common stock and indirectly held 1,818 shares through a 401(k) plan. The filing also notes he owns 848 shares under an Employee Stock Purchase Plan as of the report date.

What triggered the RSU vesting reported by NIC executive Brad Hutjens?

The RSU vested when a performance condition was met: successfully closing the merger between Nicolet Bankshares, Inc. and MidWestOne Financial Group on February 13, 2026. This performance-based milestone completion caused the 3,333 restricted stock units to convert into Nicolet Bankshares common shares.

Is Brad Hutjens a major shareholder or what is his role at NIC?

Brad Hutjens is reported as an officer of Nicolet Bankshares, serving as EVP – Chief Credit Officer of Nicolet National Bank. He is not flagged as a director or 10% owner in the filing, and the Form 4 is filed for one reporting person only.

How were tax obligations handled for Brad Hutjens’ NIC RSU vesting?

To satisfy tax obligations arising from the RSU performance vesting on February 13, 2026, 1,090 Nicolet Bankshares shares were withheld. The filing identifies this as a payment of tax liability by delivering securities, coded as a tax-withholding disposition rather than an open-market transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Hutjens Brad Vincent

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 NORTH WASHINGTON STREET

(Street)

GREEN BAY WI 54301

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - CCO - Nicolet Natl Bank

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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

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

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

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	02/13/2026		A		3,333(1)	A	$155.19	36,620	D
Common Stock	02/13/2026		F		1,090(2)	D	$155.19	35,530(3)	D
Common Stock								1,818	I	By 401(k) Plan

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. Restricted stock unit ("RSU") vesting. Per the terms of the RSU, the performance-based metric of successfully closing the merger between Nicolet Bankshares, Inc., and MidWestOne Financial Group was completed on February 13, 2026.

2. Shares withheld to cover the tax liability of the RSU performance vesting on February 13, 2026.

3. Includes shares acquired under the Employee Stock Purchase Plan. Mr. Hutjens has not acquired additional shares under the Employee Stock Purchase Plan since his last Form 4 filing on January 21, 2026. Mr. Hutjens owns a total of 848 shares in the Employee Stock Purchase Plan as of the date of this report.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Brad V. Hutjens	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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