Nicolet Bankshares (NIC) director adds shares via deferred fees

Rhea-AI Filing Summary

Nicolet Bankshares director Brenda L. Johnson reported receiving additional common stock through deferred board compensation rather than a cash payment. On January 20, 2026, she acquired 7.684 shares of common stock at $131.43 per share, credited to the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her fourth quarter 2025 board fees. After this transaction, she beneficially owned 897.386 shares in the deferred compensation plan on an indirect basis, which includes 2.162 shares previously received through dividend reinvestment. Separately, she also reported a direct beneficial ownership position of 671,893 common shares.

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

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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^*

JOHNSON BRENDA L

(Last) (First) (Middle)

C/O NICOLET NATIONAL BANK

111 N. 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		A		7.684(1)	A	$131.43	897.386(2)	I	by Nicolet National Bank Deferred Compensation Plan for Non-employee Directors
Common Stock								671,893	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. Ms. Johnson acquired 7.684 shares in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her fourth quarter 2025 earned board fees.

2. Includes 2.162 shares received as dividend reinvestment in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors from Nicolet Bankshares, Inc. paid cash dividend on December 15, 2025.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Brenda L. Johnson	01/21/2026
	** 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).
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FAQ

What did Nicolet Bankshares (NIC) director Brenda L. Johnson report in this Form 4?

Brenda L. Johnson reported acquiring 7.684 shares of Nicolet Bankshares common stock on January 20, 2026, through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring her fourth quarter 2025 board fees.

At what price were the new Nicolet Bankshares (NIC) shares credited to Brenda L. Johnson?

The 7.684 common shares were credited at a price of $131.43 per share under the deferred compensation arrangement for non-employee directors.

How many Nicolet Bankshares (NIC) shares does Brenda L. Johnson now hold through the deferred compensation plan?

Following the reported transaction, Brenda L. Johnson beneficially owned 897.386 shares of Nicolet Bankshares common stock indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Does the Form 4 show other Nicolet Bankshares (NIC) shares held by Brenda L. Johnson?

Yes. In addition to the indirect holdings in the deferred compensation plan, the Form 4 reports that Brenda L. Johnson beneficially owns 671,893 Nicolet Bankshares common shares on a direct basis.

How were dividend reinvestments reflected for Brenda L. Johnson in the Nicolet Bankshares (NIC) filing?

The footnotes explain that her indirect holdings include 2.162 shares received as dividend reinvestment in the deferred compensation plan from a Nicolet Bankshares cash dividend paid on December 15, 2025.

Is Brenda L. Johnson an officer or a director of Nicolet Bankshares (NIC)?

The filing identifies Brenda L. Johnson as a director of Nicolet Bankshares, Inc. and indicates that she is not an officer and not a 10% owner.