CHANEY CARL J 4
4 · NICOLET BANKSHARES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Nicolet (NIC) Director Carl J. Chaney Receives 2,991 Shares
What Happened
Carl J. Chaney, a director of Nicolet Bankshares, Inc. (NIC), was credited with two stock acquisition entries on Feb 13, 2026: 767 shares and 2,224 shares of NIC common stock (total 2,991 shares). Both entries are reported as acquisitions at $0.00 per share because the shares were issued in connection with the merger between Nicolet and MidWestOne (a stock-for-stock exchange), not a cash purchase or sale.
Key Details
- Transaction date: February 13, 2026 (reported on Form 4 filed Feb 18, 2026). The filing is timely under the Form 4 deadline.
- Reported transactions: 767 shares @ $0.00 and 2,224 shares @ $0.00 (total 2,991 shares acquired).
- Shares owned after the transaction: not specified in the provided data.
- Footnotes: acquisitions resulted from the Merger Agreement dated Oct 23, 2025; each MidWestOne (MOFG) share was converted into 0.3175 NIC shares; Mr. Chaney’s MOFG shares were converted at that ratio.
- Transaction code: “A” (award/grant/other acquisition) — this is a merger conversion, not an open-market purchase or sale.
Context
These entries reflect a corporate merger exchange (MOFG merged into NIC), where MOFG holders received NIC shares under a set conversion ratio. The $0.00 per-share reporting is standard for stock-for-stock exchanges on Form 4 and does not mean the shares have no market value. This is a non-discretionary corporate event, so it doesn’t indicate a director-initiated buy or sell decision.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-13+767→ 767 total - Award
Common Stock
[F1][F2][F3]2026-02-13+2,224→ 2,224 total(indirect: By Trust)
Footnotes (3)
- [F1]On February 13, 2026, pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement") dated October 23, 2025, the merger by and between Nicolet Bankshares, Inc. ("NIC") and MidWestOne Financial Group, Inc. ("MOFG") was completed and MOFG merged with and into NIC.
- [F2]Pursuant to the terms of the Merger Agreement, each MOFG common share has the right to receive 0.3175 shares of NIC common stock.
- [F3]Mr. Chaney received 0.3175 shares of NIC common stock in exchange for each of his MOFG common shares held as of the effective time of the merger, February 13, 2026.