Nicolet Bankshares (NIC) director gets 429-share restricted stock retainer grant

Rhea-AI Filing Summary

TELLOCK GLEN E reported acquisition or exercise transactions in this Form 4 filing.

Nicolet Bankshares director Glen E. Tellock reported a stock-based compensation grant. On May 19, 2026, he received 429 shares of Common Stock as the Board annual retainer, granted as a restricted stock award with immediate full vest. Following this award, he held 2,357 Common shares directly, and a separate Form 4 entry shows 1,000 Common shares held indirectly by a family trust. These transactions reflect compensation and ownership reporting, not open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider TELLOCK GLEN E

Role null

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

Holdings After Transaction: Common Stock — 2,357 shares (Direct, null); Common Stock — 1,000 shares (Indirect, by Family Trust)

Footnotes (1)

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Key Figures

Restricted stock grant: 429 shares Grant price per share: $139.63 per share Direct holdings after grant: 2,357 shares +2 more

5 metrics

Restricted stock grant 429 shares Board annual retainer, vested as of May 19, 2026

Grant price per share $139.63 per share Value assigned to restricted stock award

Direct holdings after grant 2,357 shares Common Stock held directly by Glen E. Tellock

Indirect holdings 1,000 shares Common Stock held indirectly by family trust

Transaction date May 19, 2026 Effective date of restricted stock award and holdings update

Key Terms

restricted stock award, Board annual retainer, indirect ownership, transaction code A

4 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. Tellock the Board annual retainer, granted as a restricted stock award"

indirect ownership financial

"total_shares_following_transaction: 1000.0000, direct_or_indirect: I, nature_of_ownership: by Family Trust"

transaction code A regulatory

"transaction_code: A, transaction_code_description: Grant, award, or other acquisition"

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^*

TELLOCK GLEN E

(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	2,357	D
Common Stock								1,000	I	by Family 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. Tellock 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 Glen E. Tellock	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 did Glen E. Tellock report in this Form 4 for NIC?

He reported receiving 429 shares of Nicolet Bankshares Common Stock as a restricted stock award for the Board annual retainer, fully vested on May 19, 2026, increasing his directly held shares to 2,357.

Was Glen E. Tellock’s Form 4 transaction a stock purchase or sale of NIC?

The Form 4 shows a grant of 429 restricted shares as compensation, not an open-market purchase or sale. It is coded as an acquisition (transaction code A), reflecting a board retainer award rather than trading activity.

How many Nicolet Bankshares shares does Glen E. Tellock hold after this grant?

After the grant, he holds 2,357 shares of Common Stock directly. A separate entry also reports 1,000 Common shares held indirectly by a family trust, highlighting both his direct and indirect ownership positions in Nicolet Bankshares.

What is the reported value per share of the NIC stock grant to Glen E. Tellock?

The 429-share restricted stock award is reported at $139.63 per share. This price is used in the Form 4 to indicate the value of the grant for compensation reporting purposes, based on Nicolet Bankshares’ Common Stock.

Why did Glen E. Tellock receive 429 restricted shares of Nicolet Bankshares?

The company paid Mr. Tellock’s Board annual retainer in stock, granting 429 shares as a restricted stock award that fully vested immediately on May 19, 2026, aligning part of his director compensation with Nicolet Bankshares equity.