Ghidorzi Christopher J. 4

What Happened Christopher J. Ghidorzi, a director of Nicolet Bankshares, acquired 7.684 shares on January 20, 2026. The shares were recorded at $131.43 each for a total value of approximately $1,010. The acquisition was made by deferring a portion of his Q4 2025 board fees into the Nicolet National Bank Deferred Compensation Plan for Non‑employee Directors.

Key Details

• Transaction date and price: 2026-01-20 — 7.684 shares @ $131.43 per share (total ≈ $1,010).
• Transaction type: Code A — grant/award/other acquisition via deferred compensation plan.
• Footnote F1: Shares were acquired by deferring part of Q4 2025 board fees into the deferred compensation plan.
• Footnote F2: Filing notes the plan also received 8.184 shares earlier via dividend reinvestment from the Dec 15, 2025 cash dividend.
• Shares owned after transaction: Not specified in the filing.
• Filing date/timeliness: Form 4 filed on 2026-01-21 for a 2026-01-20 transaction — appears to be filed timely.

Context This was a small, routine director compensation deferral into the company’s non-employee director deferred compensation plan, not an open-market buy or sale. Such transactions reflect compensation elections (and dividend reinvestment in the plan) rather than an independent market signal; the dollar amount here (~$1,010) is immaterial on its own.