CHANEY CARL J 4

What Happened

• Carl J. Chaney, a director of Nicolet Bankshares, received an award/acquisition of 497.641 shares on 2026-05-19 at an implicit price of $139.63 per share, for a total value of $69,486. This was an award tied to his board compensation (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-19
• Transaction type/code: Award/Grant (A)
• Shares acquired: 497.641
• Price per share: $139.63
• Total value reported: $69,486
• Shares owned after transaction: Not specified in the provided filing
• Footnote: The company paid Mr. Chaney his annual board cash retainer and committee fees, and Mr. Chaney elected to defer those amounts into the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors.
• Filing timing: Report filed 2026-05-26 (7 days after the transaction); Form 4 is typically due within two business days, so this filing appears later than the usual reporting window.

Context

• This transaction reflects deferred compensation being converted into company shares as part of Mr. Chaney’s director compensation plan — a routine, non-market transaction that generally reflects compensation administration rather than a direct signal about the director’s view on the stock.
• For retail investors: awards and compensation-related acquisitions are common for directors and are less informative about insider sentiment than open-market purchases.