Director Robert Bruce Atwell filed a Form 4 with the SEC on October 27, 2026, disclosing three transactions in Nicolet Bankshares Inc. common stock dated October 23, 2026, including the exercise of 10,000 stock options and a subsequent partial sale of shares.

Key Highlights

  • Option exercise: Atwell exercised 10,000 stock options (transaction code M) on October 23, 2026, at a conversion price of $56.43 per share, acquiring 10,000 shares of common stock.
  • Tax withholding disposition: 6,444 shares were disposed of (transaction code F) at $171.51 per share on the same date, reducing his direct holdings.
  • Open-market sale: An additional 3,556 shares were sold (transaction code S) at $171.22 per share on October 23, 2026.
  • Remaining direct ownership: Following all three transactions, Atwell directly owned 34,483 shares of common stock, according to the filing.
  • Indirect holdings: The filing also reports 1,070.838 shares held indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors, including 2.231 shares received as dividend reinvestment from a cash dividend paid September 15, 2026.
  • Remaining options: After the exercise, Atwell retained 30,000 stock options directly, with an expiration date of November 1, 2027, according to the filing.

Atwell's October 23, 2026 Transactions in Nicolet Bankshares Common Stock

According to the Form 4 filed on October 27, 2026, Robert Bruce Atwell, a director of Nicolet Bankshares Inc. (NYSE:NIC), conducted three transactions in the company's common stock on October 23, 2026. The first was the exercise of 10,000 nonqualified stock options at a price of $56.43 per share, which the filing notes "vested in five annual installments of 13,500 shares on November 1 of each year, beginning on November 1, 2018, and fully vested on November 1, 2022." The filing further states that these options "are currently exercisable as to 30,000."

Following the option exercise, the filing discloses two dispositions. A total of 6,444 shares were disposed of at $171.51 per share under transaction code F, which typically represents shares withheld for tax purposes, and 3,556 shares were sold at $171.22 per share under transaction code S. After these transactions, Atwell's direct beneficial ownership stood at 34,483 shares of common stock, as reported in the filing.

The filing also reports 1,070.838 shares held indirectly through the Nicolet National Bank Deferred Compensation Plan for Non-employee Directors. Of those, 2.231 shares were received as dividend reinvestment from a Nicolet Bankshares cash dividend paid on September 15, 2026. The Form 4 was signed by H. Phillip Moore, Jr., as attorney-in-fact for Robert B. Atwell, and filed on October 27, 2026.

What Was Disclosed

The filing reports that director Robert Bruce Atwell exercised 10,000 stock options, disposed of 6,444 shares for tax withholding, and sold 3,556 shares on October 23, 2026, leaving him with 34,483 shares directly and 30,000 remaining options in Nicolet Bankshares Inc.