Nicolet Bankshares (NIC) director granted 429 restricted shares as retainer

Rhea-AI Filing Summary

CHANEY CARL J reported acquisition or exercise transactions in this Form 4 filing.

Nicolet Bankshares director Carl J. Chaney received a grant of 429 shares of Common Stock as his Board annual retainer, issued as a restricted stock award with immediate full vesting as of May 19, 2026. The award was valued at $139.63 per share. Following this grant, Chaney directly holds 1,196 shares, and an additional 2,224 shares are held indirectly through the Carl J. Chaney Trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CHANEY CARL J

Role null

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

Holdings After Transaction: Common Stock — 1,196 shares (Direct, null); Common Stock — 2,224 shares (Indirect, by Carl J. Chaney Trust)

Footnotes (1)

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Key Figures

Restricted stock award: 429 shares Grant price: $139.63 per share Direct holdings after grant: 1,196 shares +1 more

4 metrics

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

Grant price $139.63 per share Value per share for the 429-share award

Direct holdings after grant 1,196 shares Common Stock directly held by Chaney following the grant

Indirect holdings via trust 2,224 shares Common Stock held by Carl J. Chaney Trust

Key Terms

restricted stock award, Board annual retainer, indirect ownership

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 Mr. Chaney the Board annual retainer, granted as a restricted stock award"

indirect ownership financial

"total_shares_following_transaction: 2224.0000, direct_or_indirect: I, nature_of_ownership: by Carl J. Chaney Trust"

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^*

CHANEY CARL J

(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	1,196	D
Common Stock								2,224	I	by Carl J. Chaney Trust

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 Mr. Chaney 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 Carl J. Chaney	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) report for Carl J. Chaney?

Nicolet Bankshares reported that director Carl J. Chaney received 429 shares of Common Stock as a restricted stock award. This grant represents his Board annual retainer and vested immediately on May 19, 2026, increasing his direct share ownership in the company.

How many Nicolet Bankshares (NIC) shares did Carl J. Chaney receive and at what value?

Carl J. Chaney received 429 shares of Nicolet Bankshares Common Stock, granted as a restricted stock award. The filing shows a value of $139.63 per share for this award, reflecting compensation for his Board service rather than an open-market purchase transaction.

What are Carl J. Chaney’s total Nicolet Bankshares (NIC) holdings after this Form 4 filing?

After the reported grant, Carl J. Chaney directly holds 1,196 Nicolet Bankshares shares. In addition, 2,224 shares are held indirectly through the Carl J. Chaney Trust, giving him both direct and trust-associated exposure to the company’s Common Stock according to the filing.

Was the Nicolet Bankshares (NIC) share grant to Carl J. Chaney a market purchase?

No, the 429 shares reported were granted as a restricted stock award, not bought in the open market. The award represents the company’s Board annual retainer, with all shares vesting immediately on May 19, 2026, as compensation for his director service.

How is the Carl J. Chaney Trust involved in Nicolet Bankshares (NIC) ownership?

The filing shows 2,224 Nicolet Bankshares Common Stock shares held indirectly by the Carl J. Chaney Trust. This indicates an additional block of shares associated with Chaney through trust ownership, separate from the 1,196 shares he holds directly after the reported grant.