Nicolet Bankshares director exercises 10,000 options
A director also reported two stock sales and 6,425 shares delivered or withheld for exercise-price or tax-liability payment.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Nicolet Bankshares Inc. director Robert Bruce Atwell exercised options on November 6, 2026, at $56.43 per share to acquire 10,000 common shares. The report states that options were currently exercisable for 20,000 shares. On the same date, 6,425 shares were delivered or withheld for payment of exercise price or tax liability, and Atwell sold 3,499 shares at a weighted-average $172.88 and 76 shares at a weighted-average $173.53. No Rule 10b5-1 plan is reported. He also reported 1,070.838 shares held indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
ATWELL ROBERT BRUCE
Role
Director
Sold
3,575 shs ($618K)
Approx. gross sale proceeds
$618K
Approx. exercise cost
$564K
Share of Position Sold
9.4%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $56.43 | $564K |
| Exercise Price or Tax Liability | Common Stock | 6,425 | $173.40 | $1.11M |
| Sale | Common Stock F1 | 3,499 | $172.88 | $605K |
| Sale | Common Stock F2 | 76 | $173.53 | $13K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 20,000 options (Direct);
Common Stock — 34,483 shares (Direct);
Common Stock — 1,070.838 shares (Indirect, by Nicolet National Bank Deferred Compensation Plan For Non-employee Directors)
Holdings Before and After:
Stock Option (Right to Buy), 30,000 to 20,000 options (Direct);
Common Stock, 34,483 to 34,483 shares (Direct)
Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.
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 $172.4350 to $173.3850, 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 at each separate price within the range set forth in footnote (1) to this Form 4.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.5200 to $173.6650, 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 (2) to this Form 4.
- 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 20,000.
Key Figures
Shares acquired through option exercise: 10,000 shares
Option exercise price: $56.43 per share
Options currently exercisable: 20,000 shares
+5 more
8 metrics
Shares acquired through option exercise
10,000 shares
November 6, 2026
Option exercise price
$56.43 per share
November 6, 2026
Options currently exercisable
20,000 shares
Nonqualified options
Shares delivered or withheld
6,425 shares
For payment of exercise price or tax liability; November 6, 2026
Shares sold
3,499 shares
Weighted-average sale price $172.88 per share on November 6, 2026
Weighted-average sale price
$172.88 per share
3,499-share sale; transactions ranged from $172.4350 to $173.3850 per share
Shares sold
76 shares
Weighted-average sale price $173.53 per share on November 6, 2026
Weighted-average sale price
$173.53 per share
76-share sale; transactions ranged from $173.5200 to $173.6650 per share
Key Terms
nonqualified options, weighted average price, Deferred Compensation Plan
3 terms
nonqualified options financial
"The nonqualified options vested in five annual installments"
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.
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.
Deferred Compensation Plan financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What price ranges applied to Robert Bruce Atwell's NIC stock sales?
The 3,499-share sale involved transactions at prices ranging from $172.4350 to $173.3850 per share. The 76-share sale involved transactions at prices ranging from $173.5200 to $173.6650 per share. The reported weighted-average prices were $172.88 and $173.53 per share, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
