NICOLET BANKSHARES INC·4

Feb 18, 3:15 PM ET

Godwin Janet E 4

Research Summary

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Nicolet (NIC) Director Janet Godwin Receives 3,364 Shares in Merger

What Happened

  • Janet E. Godwin, a director of Nicolet Bankshares, Inc. (NIC), acquired 3,364 shares of NIC common stock on February 13, 2026. The Form 4 reports the shares as an Award/Grant/Acquisition (code A) at $0.00 per share (total reported value $0), reflecting a share conversion in the completed merger.

Key Details

  • Transaction date and price: Feb 13, 2026 — 3,364 shares at $0.00 per share (Form 4 code A).
  • Shares owned after transaction: Not specified in the Form 4 filing.
  • Footnotes of note:
    • The merger between Nicolet Bankshares and MidWestOne Financial Group closed Feb 13, 2026 (Merger Agreement dated Oct 23, 2025).
    • Under the merger terms, each MidWestOne (MOFG) share converted into 0.3175 shares of NIC common stock.
    • Ms. Godwin received 0.3175 NIC shares for each MOFG share she held, resulting in the 3,364-share receipt.
  • Filing timeliness: Form filed Feb 18, 2026. Given the Feb 16 federal holiday, the Feb 18 filing date appears timely under the two-business-day reporting rule.

Context

  • This was a conversion/acquisition tied to a corporate merger, not an open-market purchase or sale. Such merger-related transfers reflect transaction mechanics (share exchange) rather than an independent trading decision by the insider.