Nicolet Bankshares director gets 429-share stock award

Dykema John Nicholas reported acquisition or exercise transactions in this Form 4 filing.

(Neutral)

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Dykema John Nicholas reported acquisition or exercise transactions in this Form 4 filing.

Nicolet Bankshares director John Nicholas Dykema received a stock-based board retainer. He was granted 429 shares of common stock as a restricted stock award, fully vesting immediately as of May 19, 2026, representing his Board annual retainer.

After this grant, he directly holds 44,310 common shares. He also has indirect holdings of 9,793 shares through the John Dykema 2020 Trust and 9,671.239 shares through the Nicolet National Bank Deferred Compensation Plan for non-employee directors.

Insider Trade Summary

Grant/Award: 429 shares

Grant/Award 3 txns

Insider Dykema John Nicholas

Role Director

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

Holdings After Transaction: Common Stock — 44,310 shares (Direct); Common Stock — 9,671.239 shares (Indirect, By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors); Common Stock — 9,793 shares (Indirect, By the John Dykema 2020 Trust)

Footnotes (1)

F1. The Company paid Mr. Dykema the Board annual retainer, granted as a restricted stock award with an immediate full vest of 429 shares, as of May 19, 2026.

Key Figures

Restricted stock award: 429 shares Award reference price: $139.63 per share Direct holdings after grant: 44,310 shares +2 more

5 metrics

Restricted stock award 429 shares Board annual retainer granted as of May 19, 2026

Award reference price $139.63 per share Price per share for 429-share restricted stock grant

Direct holdings after grant 44,310 shares Common stock directly held following Form 4 transaction

Trust indirect holdings 9,793 shares Held by the John Dykema 2020 Trust

Deferred plan holdings 9,671.239 shares Deferred Compensation Plan for non-employee directors

Key Terms

restricted stock award, Board annual retainer, Deferred Compensation Plan, indirect ownership, +1 more

5 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. Dykema the Board annual retainer, granted as a restricted stock award"

Deferred Compensation Plan financial

"By 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.

indirect ownership financial

"ownership_type": "indirect", "ownership_code": "I""

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did John Nicholas Dykema report in his latest Form 4 for NIC?

John Nicholas Dykema reported a grant of 429 shares of Nicolet Bankshares common stock as his Board annual retainer. The award was structured as restricted stock with immediate full vesting effective May 19, 2026, increasing his directly held shares.

How many Nicolet Bankshares (NIC) shares does Dykema hold after this transaction?

Following the grant, Dykema directly holds 44,310 Nicolet Bankshares common shares. He also has 9,793 shares held indirectly through the John Dykema 2020 Trust and 9,671.239 shares via a deferred compensation plan for non-employee directors.

Was Dykema’s Nicolet Bankshares Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of 429 restricted shares as director compensation, not an open-market purchase or sale. The shares represent the Board annual retainer and vested immediately, so this is a compensation-related acquisition rather than trading activity.

What price was used for Dykema’s restricted stock award in Nicolet Bankshares (NIC)?

The 429-share restricted stock award used a reference price of $139.63 per share. This value appears in the Form 4 as the transaction price per share for the grant, helping quantify the board retainer’s dollar value for disclosure purposes.

How are Dykema’s indirect Nicolet Bankshares holdings structured?

Dykema’s indirect holdings include 9,793 shares held by the John Dykema 2020 Trust and 9,671.239 shares in the Nicolet National Bank Deferred Compensation Plan for non-employee directors. These positions are reported as indirect ownership interests separate from his directly held shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 05/21/2026 - 05:20 PM EDT

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^*

Dykema John Nicholas

(Last)

(First)

(Middle)

C/O NICOLET NATIONAL BANK

111 NORTH 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		A		429⁽¹⁾	A	$139.63	44,310	D
Common Stock								9,671.239	I	By Nicolet National Bank Deferred Compensation Plan For Non-employee Directors
Common Stock								9,793	I	By the John Dykema 2020 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Company paid Mr. Dykema 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 John N. Dykema	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)

Source: View Original Filing on SEC EDGAR