Hutjens Brad Vincent 4

What Happened Brad Vincent Hutjens, EVP and Chief Commercial Officer of Nicolet Bankshares, received 3,333 shares upon the vesting of performance-based restricted stock units (RSUs) on February 13, 2026. The RSUs vested at a reported price of $155.19 per share (3,333 x $155.19 = $517,248). To cover the tax liability from the vesting, 1,090 shares were withheld (disposed) at the same $155.19 price (1,090 x $155.19 = $169,157), leaving a net increase of 2,243 shares retained by Hutjens from this vesting.

Key Details

• Transaction date: 2026-02-13; filing date: 2026-02-17 (timely, accounting for the Presidents’ Day holiday).
• Award/acquisition: 3,333 RSU shares @ $155.19 each = $517,248.
• Tax withholding (disposition): 1,090 shares @ $155.19 each = $169,157.
• Net shares added from this vesting: 2,243 shares.
• Reported holdings in Employee Stock Purchase Plan: 848 shares (no additional ESPP purchases since his prior Form 4 on 2026-01-21).
• Footnotes: Vesting triggered by completion of the merger between Nicolet Bankshares, Inc. and MidWestOne Financial Group; shares were withheld to cover tax liability (net settlement).

Context This was a performance-based RSU vesting (an award/acquisition), not an open-market purchase or option exercise. The filing shows no additional open-market sales by Hutjens—only the customary withholding of shares to satisfy taxes on the vested RSUs. Awards and tax-withholdings are common executive compensation events and do not, by themselves, imply a buy or sell market signal.