Hutjens Brad Vincent 4

What Happened

• Brad Vincent Hutjens, EVP and Chief Credit Officer of Nicolet National Bank (a subsidiary of Nicolet Bankshares, NIC), was granted 3,850 restricted shares on January 20, 2026. The award is recorded at $131.43 per share for a total value of approximately $506,006. This is an equity award (acquisition/award), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-20; 3,850 shares @ $131.43 each (total ≈ $506,006).
• Shares owned after transaction (reported/known): 3,850 newly awarded restricted shares plus 848 shares held in the Employee Stock Purchase Plan (ESPP) as of the report date — at least 4,698 shares in these categories combined.
• Footnotes:
  • F1: The restricted shares vest in five equal annual installments beginning Jan 20, 2027 and fully vest Jan 20, 2031.
  • F2: The report notes 22 additional ESPP shares were acquired since Mr. Hutjens' last Form 4 (11/24/2025); total ESPP holdings reported = 848 shares.
• Filing timeliness: Report covers transactions on 2026-01-20 and was filed 2026-01-21 (no late filing indicated).

Context

• These are restricted share awards that vest over time; they are not immediate sales or option exercises. Such awards are part of compensation and do not by themselves indicate a buying or selling decision in the open market.