Eric James Witczak, an officer at Nicolet Bankshares Inc., has filed to sell 600 shares of the bank's common stock. The total value of the shares is approximately $103,200, based on the current market conditions. This filing is significant as it highlights ongoing stock transactions by executives in the banking sector.
Background
Nicolet Bankshares Inc., identified by the Central Index Key (CIK) 0001174850, operates in the national commercial banking industry. The company is incorporated in Wisconsin and has its fiscal year ending on December 31. The recent filing was made on November 6, 2026, under the SEC Form 144.
What the Filing Says
The filing indicates that Witczak acquired the shares through a restricted stock award vesting on April 26, 2013. The filing states, "no of units sold: 600" and "aggregate market value: $103,200.00." This transaction is set to take place on November 6, 2026.
Impact
This transaction may affect shareholders of Nicolet Bankshares Inc. as it reflects the financial maneuvers of its executives. Additionally, it may influence perceptions among investors regarding the company's executive compensation and stock management practices.
What's Next
The filing does not say what happens next.
Details of the Transaction
Witczak's filing specifies that the shares being sold were acquired through a restricted stock award that vested on April 26, 2013. This indicates a long-term commitment to the company before deciding to liquidate a portion of his holdings. The filing also notes that Witczak has not reported any securities sold in the past three months, highlighting this transaction as a significant event in his recent financial activities.
Company Overview
Nicolet Bankshares Inc. operates under the Standard Industrial Classification (SIC) code for national commercial banks, which is 6021. The company is headquartered at 111 N Washington St, Green Bay, WI, and has a total of approximately 20,789,055 shares outstanding, according to the filing.
Broker Information
The transaction will be facilitated by Charles Schwab & Co, a well-known brokerage firm located in Westlake, Texas. This choice of broker may reflect Witczak's preference for established financial institutions in managing his stock transactions.
Conclusion
The filing provides insight into the stock management practices of Nicolet Bankshares Inc.'s executives, particularly Eric James Witczak. However, it does not detail the reasons behind Witczak's decision to sell the shares or any potential plans for reinvestment of the proceeds.
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