Nicolet Bankshares director exercises options, sells shares
Robert Bruce Atwell, a director of Nicolet Bankshares Inc, exercised stock options for 7,500 shares of common stock at an exercise price of $56.43 per share.
Rhea-AI Filing Summary
Robert Bruce Atwell, a director of Nicolet Bankshares Inc, exercised stock options for 7,500 shares of common stock at an exercise price of $56.43 per share. To cover the exercise price or related tax obligations, he disposed of 4,838 shares at $170.85 per share and separately sold 2,662 shares at a weighted average price of $170.24 in multiple open‑market transactions. Following the option exercise, 40,000 options remain exercisable, and he also holds 1,068.607 shares indirectly through the Nicolet National Bank Deferred Compensation Plan for Non‑employee Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
ATWELL ROBERT BRUCE
Role
Director
Sold
2,662 shs ($453K)
Approx. gross sale proceeds
$453K
Approx. exercise cost
$423K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3 | 7,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,500 | $56.43 | $423K |
| Exercise Price or Tax Liability | Common Stock | 4,838 | $170.85 | $827K |
| Sale | Common Stock F1 | 2,662 | $170.24 | $453K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 40,000 contracts (Direct);
Common Stock — 34,483 shares (Direct);
Common Stock — 1,068.607 shares (Indirect, by Nicolet National Bank Deferred Compensation Plan For Non-employee Directors)
Footnotes (3)
- F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.11 to $170.58, inclusive. Mr. Atwell undertakes to provide to Nicolet Bankshares, Inc., any security holder of Nicolet Bankshares, Inc., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2. Includes 2.52 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 June 15, 2026.
- F3. The nonqualified options vested in five annual installments of 13,500 shares on November 1 of each year, beginning on November 1, 2018, and fully vested on November 1, 2022. The nonqualified options are currently exercisable as to 40,000.
Key Figures
Options exercised: 7,500 shares
Exercise price: $56.43 per share
Shares delivered for exercise price/taxes: 4,838 shares
+4 more
7 metrics
Options exercised
7,500 shares
Stock options for common stock exercised on 2026-07-24
Exercise price
$56.43 per share
Conversion or exercise price for the exercised stock options
Shares delivered for exercise price/taxes
4,838 shares
Common shares disposed of under code F at $170.85 per share
Shares sold
2,662 shares
Open-market sale of common stock at weighted average $170.24 per share
Options remaining exercisable
40,000 shares
Nonqualified options currently exercisable after the reported option exercise
Deferred compensation plan shares
1,068.607 shares
Indirect holdings via Nicolet National Bank Deferred Compensation Plan for Non-employee Directors
Dividend reinvestment shares
2.52 shares
Shares received as dividend reinvestment in the deferred compensation plan on June 15, 2026
Key Terms
nonqualified options, Deferred Compensation Plan for Non-employee Directors, weighted average price, dividend reinvestment
4 terms
nonqualified options financial
"The nonqualified options vested in five annual installments of 13,500 shares..."
Nonqualified options are employee stock options that give a holder the right to buy company shares at a set price for a limited period, like a coupon letting you buy a product later at today’s price. They matter to investors because when exercised the difference between market price and the set price is taxed as regular income (affecting the holder’s tax bill) and can dilute existing shares and create a tax deduction for the company.
Deferred Compensation Plan for Non-employee Directors financial
"Nicolet National Bank Deferred Compensation Plan for Non-employee Directors"
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividend reinvestment financial
"Includes 2.52 shares received as dividend reinvestment in the ... Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
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