BOHN WILLIAM M 4

What Happened

• William M. Bohn, EVP Wealth Management at Nicolet Bankshares (NIC), was awarded 3,765 restricted shares on January 20, 2026. The award price on the Form 4 is $131.43 per share, for a total reported value of approximately $494,834. This was an equity award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-01-20 — Award/Grant (code A).
• Shares and price: 3,765 restricted shares at $131.43 per share; total value ≈ $494,834.
• Shares owned after transaction: Form 4 does not state total post-award beneficial ownership; the filing notes Mr. Bohn holds 116 shares in the Employee Stock Purchase Plan as of this report.
• Notable footnotes:
  • F1: Awarded restricted shares vest in five equal annual installments on January 20 each year, beginning Jan 20, 2027, and fully vesting Jan 20, 2031.
  • F2: Includes 22 shares acquired under the Employee Stock Purchase Plan since Mr. Bohn’s last Form 4 (Nov 20, 2025); total ESPP holdings = 116 shares.
• Filing timeliness: Report period 2026-01-20, filed 2026-01-21 — appears timely.

Context

• This was a time‑based restricted stock award as part of executive compensation, intended as a retention/incentive vehicle. The shares are subject to multi-year vesting and are not immediately liquid, so this differs from an outright open-market purchase (which some investors view as a more direct bullish signal). No options were exercised and no shares were sold in this filing.