WEYERS ROBERT J 4

What Happened

• Robert J. Weyers, a director of Nicolet Bankshares, acquired 23.051 shares on January 20, 2026. The shares were valued at $131.43 each, for a total reported value of approximately $3,030. This acquisition was recorded as an award/acquisition (A) rather than an open‑market purchase.

Key Details

• Transaction date: 2026-01-20; Price per share: $131.43; Shares acquired: 23.051; Reported value: ~$3,030.
• Filing date / accession: Form 4 filed Jan 21, 2026 (covers the Jan 20, 2026 transaction) — appears to be filed timely.
• The shares were acquired by deferring fourth quarter 2025 board fees into the Nicolet National Bank Deferred Compensation Plan for Non‑employee Directors (footnote F1).
• Footnote F2 notes an additional 23.691 shares were received as dividend reinvestment in the same deferred compensation plan from the Dec 15, 2025 cash dividend.
• Several footnotes (F3–F7) describe holdings held by trusts, an LLC, and a family limited partnership for which Mr. Weyers is trustee/partner; he disclaims beneficial ownership of those holdings except to the extent of his pecuniary interest.
• Post‑transaction total holdings of company stock by Mr. Weyers are not specified in the provided summary.

Context

• This was a routine director compensation deferral (converting earned board fees into plan shares) and a dividend reinvestment—common mechanisms for directors to accumulate stock. The transaction is a small, constructive purchase/acquisition rather than a sale, but the amount is modest (~$3k) and reflects compensation deferral, not an open‑market investment decision.