Nicolet Bankshares (NIC) CEO shifts 53,714 shares into family trust
Rhea-AI Filing Summary
Nicolet Bankshares Inc. Chairman, President & CEO Michael E. Daniels reported an internal share transfer involving a bona fide gift. On April 30, 2026, he transferred 53,714 shares of common stock to the Daniels Revocable Trust for no consideration. He is trustee of the trust, and he and his spouse are its sole beneficiaries, so he remains the beneficial owner of these shares.
The filing also updates his indirect holdings, including shares held by his spouse and in a 401(k) plan, and notes that he owns 1,103 shares through the Employee Stock Purchase Plan as of the report date. The transactions do not represent open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
107,428 shares gifted
Gift
4 txns
Insider
DANIELS MICHAEL E
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 53,714 | $0.00 | $0.00 |
| Gift | Common Stock | 53,714 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 73,127 shares (Direct);
Common Stock — 53,714 shares (Indirect, By Daniels Revocable Trust);
Common Stock — 6,252 shares (Indirect, By 401(k) Plan);
Common Stock — 9,803 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Includes an additional 42 shares acquired under the Employee Stock Purchase Plan since Mr. Daniels last Form 4 filing dated February 17, 2026. Mr. Daniels owns a total of 1,103 shares in the Employee Stock Purchase Plan as of the date of this report.
- F2. On April 30, 2026, Mr. Daniels transferred 53,714 shares of Nicolet Bankshares, Inc. common stock to the Daniels Revocable Trust for no consideration. Mr. Daniels is trustee of the trust, and Mr. Daniels and his spouse are the sole beneficiaries of the trust. Mr. Daniels remains the beneficial owner of the securities held by the trust.
Key Figures
Shares transferred to trust: 53,714 shares
Trust holdings after transfer: 53,714 shares
Direct holdings after transaction: 73,127 shares
+3 more
6 metrics
Shares transferred to trust
53,714 shares
Bona fide gift to Daniels Revocable Trust on April 30, 2026
Trust holdings after transfer
53,714 shares
Common stock held indirectly by Daniels Revocable Trust
Direct holdings after transaction
73,127 shares
Common stock held directly by Michael E. Daniels
Spouse indirect holdings
9,803 shares
Common stock held indirectly by spouse
401(k) plan holdings
6,252 shares
Common stock held indirectly via 401(k) plan
ESPP holdings
1,103 shares
Shares in Employee Stock Purchase Plan as of report date
Key Terms
bona fide gift, Revocable Trust, beneficial owner, Employee Stock Purchase Plan, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Revocable Trust financial
"transferred 53,714 shares ... to the Daniels Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial owner financial
"Mr. Daniels remains the beneficial owner of the securities held by the trust"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Employee Stock Purchase Plan financial
"acquired under the Employee Stock Purchase Plan since Mr. Daniels last Form 4"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
indirect ownership financial
"ownership_type": "indirect", "nature_of_ownership": "By Spouse""
AI-generated analysis. How Rhea-AI works. Not financial advice.
