MOORE HUBERT PHILLIP JR 4

What Happened
Hubert P. Moore Jr., Chief Financial Officer of Nicolet Bankshares, received 3,333 restricted stock units (RSUs) that vested on February 13, 2026, valued at $155.19 per share for a total grant value of $517,248. To satisfy the tax withholding on the vesting, 1,122 shares were withheld (disposed) valued at $174,123, leaving a net issuance of 2,211 shares to Moore (net value approximately $343,125). The RSU performance metric was satisfied upon completion of the merger between Nicolet and MidWestOne Financial Group.

Key Details

• Transaction dates: February 13, 2026 (vesting/award and tax withholding)
• Prices and values: 3,333 shares @ $155.19 = $517,248 (award); 1,122 shares withheld @ $155.19 = $174,123 (tax)
• Net shares received: 2,211 shares (3,333 − 1,122); net value ≈ $343,125
• Filing: Form 4 filed February 17, 2026 (4 days after the transaction date; Form 4s are generally required within 2 business days — this appears to be late)
• Footnotes: F1 — RSU vested on Feb 13, 2026 upon closing of the Nicolet / MidWestOne merger; F2 — shares were withheld to cover taxes; F3 — Moore holds 462 shares in the Employee Stock Purchase Plan as of this report and has not acquired additional ESPP shares since his Jan 21, 2026 filing

Context
This was an RSU vesting (award/acquisition) rather than an open-market purchase or sale. The withholding of shares to cover taxes is a common administrative step and not a discretionary sale signal. For retail investors, awards vesting tied to a completed merger reflect compensation events rather than direct insider buying or selling intent.