Nicolet Bankshares (NIC) director Chaney gains 498 deferred comp shares

Rhea-AI Filing Summary

Nicolet Bankshares director Carl J. Chaney reported a compensation-related share award. On 2026-05-19, he acquired 497.641 shares of Common Stock at $139.63 per share through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, reflecting deferral of his annual cash retainer and committee fees.

After this grant, Chaney’s indirect holdings include 497.641 shares in the deferred compensation plan and 2,224 shares held by the Carl J. Chaney Trust, alongside 1,196 shares held directly. The filing shows a routine, non-market acquisition rather than an open-market purchase or sale.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider CHANEY CARL J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	497.641	$139.63	$69K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 497.641 shares (Indirect, By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors); Common Stock — 1,196 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred plan shares acquired: 497.641 shares Reference price per share: $139.63 per share Indirect trust holdings: 2,224 shares +2 more

5 metrics

Deferred plan shares acquired 497.641 shares Grant under Deferred Compensation Plan on 2026-05-19

Reference price per share $139.63 per share Valuation for deferred compensation share credit

Indirect trust holdings 2,224 shares Held by Carl J. Chaney Trust following reported date

Direct holdings 1,196 shares Common Stock held directly following reported date

Indirect deferred plan position 497.641 shares Held by Nicolet National Bank Deferred Compensation Plan

Key Terms

Deferred Compensation Plan, Non-employee Directors, indirect ownership

3 terms

Deferred Compensation Plan financial

"deferred in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

Non-employee Directors financial

"Deferred Compensation Plan for Non-employee Directors"

Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.

indirect ownership financial

"ownership_type": "indirect"

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	05/21/2026	A		497.641(1)	A	$139.63	497.641	I	By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors
Common Stock								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 cash retainer and annual committee fees, all of which Mr. Chaney deferred in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

	/s/ H. Phillip Moore, Jr., as attorney-in-fact for Carl J. Chaney	05/26/2026
	** 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 NIC director Carl J. Chaney report?

Carl J. Chaney reported acquiring 497.641 shares of Nicolet Bankshares Common Stock. The shares were credited as a grant under the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, reflecting deferred board retainer and committee fees rather than an open-market stock purchase.

How many Nicolet Bankshares (NIC) shares did Carl J. Chaney acquire?

He acquired 497.641 shares of Nicolet Bankshares Common Stock. These shares were recorded at a reference price of $139.63 per share within the company’s deferred compensation plan for non-employee directors, tied to deferred cash retainer and committee fee payments.

At what price were Carl J. Chaney’s deferred compensation shares in NIC valued?

The 497.641 shares were valued at $139.63 per share when credited. This price applies to shares held in the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, where Chaney directed his board retainer and committee fees instead of taking cash.

How many Nicolet Bankshares (NIC) shares does Carl J. Chaney hold indirectly?

Indirectly, Chaney holds 497.641 shares through the deferred compensation plan and 2,224 shares through the Carl J. Chaney Trust. These positions are reported separately from his direct ownership and reflect different vehicles holding his beneficial interests in Nicolet Bankshares stock.

What are Carl J. Chaney’s direct holdings of Nicolet Bankshares (NIC) stock?

Chaney directly holds 1,196 shares of Nicolet Bankshares Common Stock. This direct position is reported separately from his indirect holdings through the Carl J. Chaney Trust and the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors disclosed in the same Form 4 filing.

Is Carl J. Chaney’s Form 4 for NIC an open-market stock purchase or sale?

The Form 4 reflects a compensation-related acquisition, not an open-market trade. Chaney deferred his board annual cash retainer and committee fees into the Nicolet National Bank Deferred Compensation Plan, receiving 497.641 shares credited under that plan instead of buying shares on the market.