Witczak Eric James 4

What Happened
Eric J. Witczak, Executive Vice President and Secretary of Nicolet Bankshares (NIC), received an award of 4,065 restricted shares on January 20, 2026. The award price is reported at $131.43 per share, for a total grant value of approximately $534,263. This was a grant/award (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-20 at $131.43 per share.
• Shares awarded: 4,065 restricted shares; total award value ≈ $534,263.
• Shares owned after transaction: Mr. Witczak holds 1,087 shares in the Employee Stock Purchase Plan (ESPP) as of the report date, plus the 4,065 newly awarded restricted shares — totaling 5,152 shares beneficially tied to him on the report date (note: 4,065 are unvested at grant).
• Footnote F1: Awarded restricted shares vest in five equal annual installments beginning January 20, 2027, and fully vest on January 20, 2031.
• Footnote F2: Includes 22 shares added to the ESPP since his last Form 4 (filed Nov 24, 2025); ESPP balance = 1,087 shares.
• Filing timeliness: Report filed 2026-01-21 for a 2026-01-20 transaction (timely).

Context
Restricted stock awards are a form of compensation and typically vest over time (here, five years), so they do not reflect an immediate market purchase. These grants are common for executive compensation and do not, by themselves, indicate buying or selling sentiment.