JOHNSON BRENDA L 4

What Happened
Brenda L. Johnson, a director of Nicolet Bankshares, Inc., acquired 7.684 shares on January 20, 2026. The shares were recorded at $131.43 each for a reported acquisition value of $1,010. This was an award/acquisition (transaction code A) resulting from deferral of her fourth-quarter 2025 board fees into the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-21 (appears timely).
• Price per share reported: $131.43; Total reported value: $1,010.
• Transaction type/code: A — Grant, award or other acquisition.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes:
  • F1: The 7.684 shares were acquired by deferring Q4 2025 board fees into the director deferred compensation plan.
  • F2: The amount includes 2.162 shares received via dividend reinvestment in the same deferred compensation plan from the $0.xx cash dividend paid Dec 15, 2025.
• No indication in this filing that Ms. Johnson is a 10% owner or that the shares were sold immediately.

Context
This was a routine, non-market acquisition via a director deferred compensation plan (electing to receive board fees as plan shares). Such deferrals and dividend reinvestments are common for non-employee directors and are administrative in nature rather than open-market purchases that might signal new sentiment.