BOHN WILLIAM M 4

What Happened
William M. Bohn, Executive Vice President, Wealth Management at Nicolet Bankshares (NIC), had 3,333 restricted stock units (RSUs vest) convert to shares on February 13, 2026 at a reported value of $155.19 per share (total ≈ $517,248). To cover the tax liability on the vesting, 1,080 of those shares were withheld (treated as a disposition) at the same per‑share value (≈ $167,605). The net increase in Bohn’s share position from this event was 2,253 shares.

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-17). The filing appears timely.
• Award (A): 3,333 RSU shares granted/vested at $155.19/share → ≈ $517,248 acquired.
• Tax withholding (F): 1,080 shares withheld at $155.19/share → ≈ $167,605 disposed to cover taxes.
• Net shares added to holdings from this vesting: 2,253 shares.
• Holdings note: the filing states Mr. Bohn holds 116 shares in the Employee Stock Purchase Plan (ESPP); no ESPP purchases since his last Form 4 (Jan 21, 2026).
• Transaction codes: A = award/vesting; F = shares withheld for tax liability.
• Footnote: Vesting occurred because the performance condition — successful closing of the merger between Nicolet Bankshares and MidWestOne Financial Group — was met on February 13, 2026.

Context
This was not an open‑market purchase or sale by the insider but the scheduled vesting of performance-based RSUs with shares withheld to satisfy tax obligations (a common administrative action). Such award vestings reflect compensation realization rather than a direct trading signal about the insider’s view of the stock.