Anderson Marcia M 4

What Happened

• Marcia M. Anderson, a director of Nicolet Bankshares, Inc. (NIC), acquired 7.684 shares on 2026-01-20. The shares were credited at $131.43 each, for a total value of approximately $1,010.
• The shares were acquired through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors by deferring a portion of her Q4 2025 board fees. The acquisition includes a 0.983 fractional share from dividend reinvestment.

Key Details

• Transaction date and price: 2026-01-20 at $131.43 per share.
• Shares acquired: 7.684; total value: ~$1,010.
• Method: Acquisition via deferred compensation plan (transaction code A — award/grant/other acquisition).
• Footnotes: F1 — acquisition resulted from deferral of Q4 2025 board fees into the deferred comp plan. F2 — includes 0.983 fractional share from dividend reinvestment related to the Dec 15, 2025 cash dividend.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-01-21 for a 2026-01-20 transaction (no late filing indicated).

Context

• This was not an open-market purchase but a routine deferral of director fees into the company's deferred compensation plan; such transactions are common for non-employee directors and are typically administrative in nature.
• The position size and dollar value are small; avoid reading this single routine deferral as a strong bullish or bearish signal.