Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-29

Nicolet Bankshares Inc (NIC)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,944,068
Michael Daniels total, FY2025
99th
CEO pay percentile vs peers
267:1
CEO-to-median pay ratio
67.12%
Say-on-pay support, latest vote
Companies that benchmark against NIC
14 companies name NIC as a compensation peer

Each company listed discloses NIC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NIC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Daniels$850,000$0$12,391,200$0$1,593,750$0$109,118$14,944,068
Chairman, President, and Chief Executive Officer
H. Phillip Moore, Jr.475,000000534,375099,1801,108,555
Chief Financial Officer
Eric Witczak475,000000534,375069,9011,079,276
Executive Vice President, Retail and Ag Banking
Brad Hutjens450,000000506,250052,9891,009,239
Executive Vice President, Chief Credit Officer
William Bohn440,000000495,000057,185992,185
Executive Vice President, Wealth Management, Private Client and Trust Services

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Michael Daniels$14,944,068$3,208,486$1,423,772+11,735,582
H. Phillip Moore, Jr.1,108,5551,721,833836,542−613,278
Eric Witczak1,079,2761,300,992754,300−221,716
Brad Hutjens1,009,2391,145,866660,212−136,627
William Bohn992,1853,466,638−2,474,453

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
John N. DykemaDirector2026-04-14A6.36$158$1,007CommonForm 4 ↗
Donald J. Long, JrDirector2026-04-14A6.361581,007CommonForm 4 ↗
Robert J. WeyersDirector2026-04-14A6.361581,007CommonForm 4 ↗
Robert B. AtwellDirector2026-04-14A12.711582,014CommonForm 4 ↗
William BohnEVP Wealth Mgmt - Nicolet Bank2026-04-15D940157147,298CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-04-24A6500CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-04-24D6500CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-04-24D6500CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-04-24A6500CommonForm 4 ↗
Susan L. MerkatorisDirector2026-04-29D10500CommonForm 4 ↗
Michael E. DanielsDirector2026-04-30D53,71400CommonForm 4 ↗
Michael E. DanielsDirector2026-04-30A53,71400CommonForm 4 ↗
Michael E. DanielsDirector2026-05-05A7,73800CommonForm 4 ↗
Michael E. DanielsDirector2026-05-05D7,73800CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-05-15D6500CommonForm 4 ↗
Glen E. TellockDirector2026-05-19A42914059,901CommonForm 4 ↗
Oliver Pierce SmithDirector2026-05-19A42914059,901CommonForm 4 ↗
Tracy S. McCormickDirector2026-05-19A42914059,901CommonForm 4 ↗
Janet E. GodwinDirector2026-05-19A42914059,901CommonForm 4 ↗
Carl J. ChaneyDirector2026-05-19A497.6414069,486CommonForm 4 ↗
Susan L. MerkatorisDirector2026-05-19A42914059,901CommonForm 4 ↗
John N. DykemaDirector2026-05-19A551.3414076,984CommonForm 4 ↗
Matthew J. HayekDirector2026-05-19A42914059,901CommonForm 4 ↗
Robert J. WeyersDirector2026-05-19A458.2614063,987CommonForm 4 ↗
Donald J. Long, JrDirector2026-05-19A569.2414079,484CommonForm 4 ↗
Robert B. AtwellDirector2026-05-19A497.6414069,486CommonForm 4 ↗
John N. DykemaDirector2026-05-19A42914059,901CommonForm 4 ↗
Robert B. AtwellDirector2026-05-19A42914059,901CommonForm 4 ↗
Donald J. Long, JrDirector2026-05-19A42914059,901CommonForm 4 ↗
Carl J. ChaneyDirector2026-05-19A42914059,901CommonForm 4 ↗
Robert J. WeyersDirector2026-05-19A42914059,901CommonForm 4 ↗
H. Phillip Moore, Jr.CFO2026-06-08D940144135,416CommonForm 4 ↗
Robert B. AtwellDirector2026-07-24D7,50000Derivative, Class A CommonForm 4 ↗
Robert B. AtwellDirector2026-07-24A7,50056423,225CommonForm 4 ↗
Robert B. AtwellDirector2026-07-24D2,662170453,179CommonForm 4 ↗
Robert B. AtwellDirector2026-07-24D4,838171826,572CommonForm 4 ↗
Eric WitczakEVP - Retail & Ag Banking2026-07-27D34217258,810CommonForm 4 ↗
Eric WitczakEVP - Retail & Ag Banking2026-07-27D1,215168203,986CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael DanielsRSU2025-09-08130,00030,000$4,130,400
Michael DanielsPSU2025-09-08230,00030,00060,0008,260,800
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Daniels$4,130,400$8,260,800$066.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
H. Phillip Moore, Jr.RSU2,884$349,829
Michael DanielsRSU7,648927,702
Michael DanielsRSU30,0003,639,000
Michael DanielsRSU60,0007,278,000
Brad HutjensOption10,00078.67
William BohnOption40,00077.66
H. Phillip Moore, Jr.RSU2,000242,600
William BohnRSU1,700206,210
Brad HutjensRSU2,556310,043
William BohnRSU8,000970,400
Eric WitczakOption10,00078.67
Eric WitczakRSU2,884349,829
H. Phillip Moore, Jr.Option10,00078.84
05

Incentive-plan design — the Compensation Discussion & Analysis

Nicolet has an entrepreneurial approach to its executive compensation philosophy, including the use of episodic equity-based incentives granted at the outset of defined strategic periods (typically based on a five-year strategic horizon with awards carrying a five-year vesting period), in addition to competitive base salaries, annual target incentives (typically based on a percentage of salary, including a short-term incentive portion to be paid immediately in cash and a long-term incentive portion paid in equity that vests ratably over a five-year period) and competitive benefits.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1810,078,8614,938,13187,77067.12%Passed
20252025-05-199,151,6801,126,980105,70589.04%Passed
20242024-05-207,202,4102,532,838168,04373.98%Passed
20232023-05-158,285,8991,197,660128,97387.37%Passed
20222022-05-094,320,5524,180,073253,79250.83%Passed
20202020-05-115,036,6791,529,776209,30576.7%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1867.12%a
20252025-05-1989.04%b
20242024-05-2073.98%c

a. Approved under the standard stated in the filing — “Abstentions do not count as votes in favor of or against a given nominee or matter.”.

b. Approved under the standard stated in the filing — “Abstentions do not count as votes in favor of or against a given nominee or matter.”.

c. Approved under the standard stated in the filing — “Abstentions do not count as votes in favor of or against a given nominee or matter.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)267 : 1
CEO total compensation$14,944,068
Median employee compensation$56,042
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Susan L. MerkatorisIndependent · Executive · Nominating/Governance · Audit (Chair) · Compensation · Risk$60,000$49,886$0$0$0$109,886
John N. DykemaIndependent · Executive · Nominating/Governance · Compensation (Chair)46,00049,88600095,886
Glen E. TellockIndependent · Executive · Audit · Compensation42,00049,88600091,886
Donald J. Long, JrIndependent · Executive · Nominating/Governance (Chair) · Audit · Compensation40,50049,88600090,386
Robert J. WeyersIndependent · Executive · Nominating/Governance · Trust · Wealth Management33,50049,88600083,386
Robert B. AtwellNot independent · Risk · Trust · Wealth Management31,50049,88600081,386
Oliver Pierce SmithIndependent · Risk · Trust · Wealth Management29,50049,88600079,386
Michael E. DanielsEmployee director · Board Chair · Executive (Chair) · Risk · Trust · Wealth Management00000
Janet E. GodwinIndependent · Executive · Audit · Trust · Wealth Management · Partial-year service · Newly elected0
Carl J. ChaneyIndependent · Executive · Risk · Partial-year service · Newly elected0
Tracy S. McCormickIndependent · Executive · Nominating/Governance · Audit · Partial-year service · Newly elected0
Matthew J. HayekIndependent · Risk · Trust · Wealth Management · Partial-year service · Newly elected0
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer$50,000
Per board meeting fee$1,000
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$283,000
Equity awards (grant-date value)$349,202
All other compensation$0
Total cost of the board$632,202

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Nicolet Bankshares Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Nicolet Bankshares Inc.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Nicolet Bankshares Inc2025Michael Daniels$850,000$12,391,200$0$1,593,750$14,944,068
2Byline Bancorp, Inc.2025Roberto Herencia937,2221,992,46301,567,4834,537,621
3First Busey Corporation2025Van Dukeman918,7891,939,68601,109,0804,030,080
4FB Financial Corporation2025Christopher Holmes787,5191,650,03901,263,2283,766,403
5Enterprise Financial Services Corp.2025James Lally930,3681,307,773328,0461,005,6533,620,031
6Northwest Bancshares, Inc.2025Louis Torchio904,034999,99201,369,1003,396,755
7Stock Yards Bancorp, Inc.2025James Hillebrand875,000656,250218,7501,487,5003,380,337
8Park National Corporation2025David Trautman770,833900,03602,977,449
9Lakeland Financial Corporation2025David Findlay739,6541,304,5820393,1282,473,892
10S&T Bancorp, Inc.2025Christopher McComish806,077888,7990620,2992,398,854
111st Source Corporation2025Andrea Short526,3461,054,9770476,1502,190,564
12First Mid Bancshares, Inc.2025Joseph Dively543,400514,27201,019,3642,109,337
13German American Bancorp, Inc.2025D. Neil Dauby770,000517,4640602,5252,068,536
14First Commonwealth Financial Corporation2025T. Michael Price700,000515,7460745,0632,000,604
15Horizon Bancorp, Inc.2025Thomas Prame685,000569,9730601,0881,965,115
16CrossFirst Bankshares, Inc.2023Michael Maddox712,500593,0190514,8231,924,315
17City Holding Company2025Charles Hageboeck699,000404,8670796,8601,922,194
18Republic Bancorp, Inc.2025Logan Pichel698,174401,048197,291500,0001,819,342
19QCR Holdings, Inc.2025Todd Gipple430,760490,3890558,1461,713,726
20MidWestOne Financial Group, Inc.2024Charles Reeves646,875400,0030534,0391,611,393
21Midland States Bancorp, Inc.2025Jeffrey Ludwig749,800562,3220194,9561,532,241
22Peoples Bancorp, Inc.2025Tyler Wilcox700,000259,1950416,8001,500,327
23Premier Financial Corp.2023Gary Small617,077309,5900119,3401,107,726
24BancFirst Corporation2025David R. Harlow725,00000181,2501,007,628

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Nicolet Bankshares Incnot disclosednot disclosedNoPearl Meyer & Partners, LLC
1st Source Corporationnot disclosednot disclosedNoPearl Meyer
BancFirst CorporationCEO Harlow: 20% cash + 5% deferred; CFO Andrus: 20% cash + 5% deferred; CEO Schmidt: 20% cash + 5% deferred; COO Copeland: 20% cash + 5% deferred; CCO Slay: 22.5% cash%RSUs 100not disclosednot disclosed
Byline Bancorp, Inc.not disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pearl Meyer
City Holding Company114%PSU 60 · RSU 40NoMcLagan
CrossFirst Bankshares, Inc.94.68%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian
Enterprise Financial Services Corp.119%PSU 60 · Options 20 · RSU 20Yes — TSRWillis Towers Watson
FB Financial Corporation127.8%PSU 60 · RSU 40NoFW Cook
First Busey Corporation116.5%PSU 50 · RSU 50Yes — Total Stockholder Return (TSR)Pearl Meyer
First Commonwealth Financial Corporation163.75%PSU 50 · RSU 50Yes — TSR Relative to PeersMeridian Compensation Partners LLC
First Mid Bancshares, Inc.not disclosednot disclosednot disclosedBlanchard Consulting
German American Bancorp, Inc.67%RSU 100NoBCG
Horizon Bancorp, Inc.not disclosednot disclosednot disclosedPearl Meyer
Lakeland Financial Corporation106%PSU 60 · RSU 40NoPearl Meyer & Partners
Midland States Bancorp, Inc.40%RSU 100not disclosedPearl Meyer & Partners, LLC
MidWestOne Financial Group, Inc.127.0%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Northwest Bancshares, Inc.190%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)Pearl Meyer
Park National Corporationnot disclosedPSU 100NoMeridian Compensation Partners, LLC (through April 30, 2025) and Pay Governance (after April 30, 2025)
Peoples Bancorp, Inc.60%RSU 100NoPay Governance
Premier Financial Corp.38%PSU 67 · RSU 33Yes — 3-year Total Shareholder Return (rTSR)Pearl Meyer & Partners, LLC
QCR Holdings, Inc.not disclosedRSU 100not disclosedFrederic W. Cook & Co., Inc.
Republic Bancorp, Inc.100%not disclosedNonot disclosed
S&T Bancorp, Inc.119%RSU 50 · PSU 50NoAon
Stock Yards Bancorp, Inc.200%PSU 75 · Options 25NoAon's Human Capital Solutions

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Nicolet Bankshares Inc in fiscal 2025?
As disclosed, the highest-paid executive was Michael Daniels, who served as Chairman, President, and Chief Executive Officer with total compensation of $14,944,068.
How does Nicolet Bankshares Inc's chief executive pay compare to its disclosed peer group?
The filing shows that Michael Daniels' pay fell in the 99th percentile of the disclosed peer group.
What is Nicolet Bankshares Inc's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 267:1.
How did shareholders vote on Nicolet Bankshares Inc's executive compensation?
As disclosed, shareholders provided 67.12% support on the latest executive compensation vote.
How much does Nicolet Bankshares Inc spend in total on board compensation for fiscal 2025?
The filing reports total board compensation for fiscal 2025 at $632,202.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael DanielsDEF 14A2026-03-240001174850-26-000086Section “Summary Compensation Table”. As printed: 14,944,068. Filing ↗machine: t24 · r3 · c21 · span 428027–428037
2Section 01, H. Phillip Moore, Jr.DEF 14A2026-03-240001174850-26-000086Section “Summary Compensation Table”. As printed: 1,108,555. Filing ↗machine: t24 · r7 · c21 · span 441363–441372
3Section 01, Eric WitczakDEF 14A2026-03-240001174850-26-000086Section “Summary Compensation Table”. As printed: 1,079,276. Filing ↗machine: t24 · r11 · c21 · span 454709–454718
4Section 01, Brad HutjensDEF 14A2026-03-240001174850-26-000086Section “Summary Compensation Table”. As printed: 1,009,239. Filing ↗machine: t24 · r15 · c21 · span 467856–467865
5Section 01, William BohnDEF 14A2026-03-240001174850-26-000086Section “Summary Compensation Table”. As printed: 992,185. Filing ↗machine: t24 · r19 · c21 · span 481447–481454
6Section 03, Michael Daniels RSUDEF 14A2026-03-240001174850-26-000086Section “Grants of Plan-Based Awards *” · grants of plan-based awards table. Filing ↗machine: t27 · r3 · c12 · span 522589–522598
7Section 03, Michael Daniels PSUDEF 14A2026-03-240001174850-26-000086Section “Grants of Plan-Based Awards *” · grants of plan-based awards table. Filing ↗machine: t27 · r4 · c17 · span 525831–525840
8Section 07, pay ratioDEF 14A2026-03-240001174850-26-000086Section “CEO Pay Ratio”. As printed: 267 : 1. Filing ↗machine: span 666840–666843
9Section 08, Susan L. MerkatorisDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 109,886. Filing ↗machine: t12 · r12 · c5 · span 232407–232414
10Section 08, John N. DykemaDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 95,886. Filing ↗machine: t12 · r6 · c5 · span 225705–225711
11Section 08, Glen E. TellockDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 91,886. Filing ↗machine: t12 · r14 · c5 · span 234634–234640
12Section 08, Donald J. Long, JrDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 90,386. Filing ↗machine: t12 · r10 · c5 · span 230177–230183
13Section 08, Robert J. WeyersDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 83,386. Filing ↗machine: t12 · r15 · c5 · span 235748–235754
14Section 08, Robert B. AtwellDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 81,386. Filing ↗machine: t12 · r3 · c5 · span 222364–222370
15Section 08, Oliver Pierce SmithDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 79,386. Filing ↗machine: t12 · r13 · c5 · span 233523–233529
16Section 08, Michael E. DanielsDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Janet E. GodwinDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: —. Filing ↗
18Section 08, Carl J. ChaneyDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: —. Filing ↗
19Section 08, Tracy S. McCormickDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: —. Filing ↗
20Section 08, Matthew J. HayekDEF 14A2026-03-240001174850-26-000086Section “Director Compensation”. As printed: —. Filing ↗
21Section 02, John N. Dykema 2026-04-14Form 42026-04-220001174850-26-000095Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Donald J. Long, Jr 2026-04-14Form 42026-04-220001174850-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Robert J. Weyers 2026-04-14Form 42026-04-220001174850-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Robert B. Atwell 2026-04-14Form 42026-04-220001174850-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, William Bohn 2026-04-15Form 42026-04-170001174850-26-000090Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, H. Phillip Moore, Jr. 2026-04-24Form 42026-04-280001174850-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, H. Phillip Moore, Jr. 2026-04-24Form 42026-04-280001174850-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, H. Phillip Moore, Jr. 2026-04-24Form 42026-04-280001174850-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, H. Phillip Moore, Jr. 2026-04-24Form 42026-04-280001174850-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Susan L. Merkatoris 2026-04-29Form 42026-04-300001174850-26-000106Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Michael E. Daniels 2026-04-30Form 42026-05-040001174850-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Michael E. Daniels 2026-04-30Form 42026-05-040001174850-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Michael E. Daniels 2026-05-05Form 42026-05-070001174850-26-000112Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Michael E. Daniels 2026-05-05Form 42026-05-070001174850-26-000112Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, H. Phillip Moore, Jr. 2026-05-15Form 42026-05-190001174850-26-000120Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Glen E. Tellock 2026-05-19Form 42026-05-210001174850-26-000133Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Oliver Pierce Smith 2026-05-19Form 42026-05-210001174850-26-000131Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Tracy S. McCormick 2026-05-19Form 42026-05-210001174850-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Janet E. Godwin 2026-05-19Form 42026-05-210001174850-26-000122Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Carl J. Chaney 2026-05-19Form 42026-05-260001174850-26-000153Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Susan L. Merkatoris 2026-05-19Form 42026-05-210001174850-26-000128Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, John N. Dykema 2026-05-19Form 42026-05-260001174850-26-000145Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Matthew J. Hayek 2026-05-19Form 42026-05-210001174850-26-000124Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Robert J. Weyers 2026-05-19Form 42026-05-260001174850-26-000151Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Donald J. Long, Jr 2026-05-19Form 42026-05-260001174850-26-000149Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Robert B. Atwell 2026-05-19Form 42026-05-260001174850-26-000147Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, John N. Dykema 2026-05-19Form 42026-05-210001174850-26-000139Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Robert B. Atwell 2026-05-19Form 42026-05-210001174850-26-000135Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Donald J. Long, Jr 2026-05-19Form 42026-05-210001174850-26-000141Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Carl J. Chaney 2026-05-19Form 42026-05-210001174850-26-000137Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Robert J. Weyers 2026-05-19Form 42026-05-210001174850-26-000143Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, H. Phillip Moore, Jr. 2026-06-08Form 42026-06-100001174850-26-000155Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Robert B. Atwell 2026-07-24Form 42026-07-280001174850-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Robert B. Atwell 2026-07-24Form 42026-07-280001174850-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Robert B. Atwell 2026-07-24Form 42026-07-280001174850-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Robert B. Atwell 2026-07-24Form 42026-07-280001174850-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Eric Witczak 2026-07-27Form 42026-07-290001174850-26-000162Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Eric Witczak 2026-07-27Form 42026-07-290001174850-26-000162Insider equity transaction reported since the proxy statement. Filing ↗
59Section 06, 2026 voteForm 8-K2026-05-180001174850-26-000118Item 5.07 · say-on-pay result. As reported: 67.12% (votes for as printed: 10,078,861). Filing ↗
60Section 06, 2025 voteForm 8-K2025-05-200001174850-25-000027Item 5.07 · say-on-pay result. As reported: 89.04% (votes for as printed: 9,151,680). Filing ↗
61Section 06, 2024 voteForm 8-K2024-05-210001174850-24-000028Item 5.07 · say-on-pay result. As reported: 73.98% (votes for as printed: 7,202,410). Filing ↗
62Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
63Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
64Section 09b board cost (computed)ComputedcomputedCash 283,000 + equity 349,202 + all other 0 = 632,202, summed across the director compensation table rows.machine: formula: Σ = 632,202
65Nicolet Bankshares Inc (subject), Section 10b CEO totalDEF 14A2026-03-240001174850-26-000086CEO total compensation as printed in Nicolet Bankshares Inc's own proxy. As printed: 14,944,068. Filing ↗machine: t24 · r3 · c21 · span 428027–428037
66Byline Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-162758CEO total compensation as printed in Byline Bancorp, Inc.'s own proxy. As printed: 4,537,621. Filing ↗machine: span 1703328–1703337
67First Busey Corporation, Section 10b CEO totalDEF 14A2026-04-130000314489-26-000021CEO total compensation as printed in First Busey Corporation's own proxy. As printed: 4,030,080. Filing ↗machine: t31 · r2 · c24 · span 687336–687345
68FB Financial Corporation, Section 10b CEO totalDEF 14A2026-04-060001649749-26-000027CEO total compensation as printed in FB Financial Corporation's own proxy. As printed: 3,766,403. Filing ↗machine: r2 · c24 · span 578306–578315
69Enterprise Financial Services Corp., Section 10b CEO totalDEF 14A2026-03-310001025835-26-000079CEO total compensation as printed in Enterprise Financial Services Corp.'s own proxy. As printed: 3,620,031. Filing ↗machine: span 458805–458814
70Northwest Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148973CEO total compensation as printed in Northwest Bancshares, Inc.'s own proxy. As printed: 3,396,755. Filing ↗machine: t125 · r3 · c35 · span 546597–546606
71Stock Yards Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-120001437749-26-007879CEO total compensation as printed in Stock Yards Bancorp, Inc.'s own proxy. As printed: 3,380,337. Filing ↗machine: r3 · c32 · span 991255–991264
72Park National Corporation, Section 10b CEO totalDEF 14A2026-03-090000805676-26-000021CEO total compensation as printed in Park National Corporation's own proxy. As printed: 2,977,449. Filing ↗machine: t22 · r2 · c14 · span 845297–845306
73Lakeland Financial Corporation, Section 10b CEO totalDEF 14A2026-03-050000721994-26-000036CEO total compensation as printed in Lakeland Financial Corporation's own proxy. As printed: 2,473,892. Filing ↗machine: span 916200–916209
74S&T Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-300001193125-26-131720CEO total compensation as printed in S&T Bancorp, Inc.'s own proxy. As printed: 2,398,854. Filing ↗machine: r2 · c31 · span 570969–570978
751st Source Corporation, Section 10b CEO totalDEF 14A2026-03-130000034782-26-000021CEO total compensation as printed in 1st Source Corporation's own proxy. As printed: 2,190,564. Filing ↗machine: t33 · r8 · c10 · span 732069–732078
76First Mid Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-170001193125-26-109951CEO total compensation as printed in First Mid Bancshares, Inc.'s own proxy. As printed: 2,109,337. Filing ↗machine: r2 · c12 · span 869694–869704
77German American Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030015CEO total compensation as printed in German American Bancorp, Inc.'s own proxy. As printed: 2,068,536. Filing ↗machine: span 816342–816351
78First Commonwealth Financial Corporation, Section 10b CEO totalDEF 14A2026-03-190001193125-26-115933CEO total compensation as printed in First Commonwealth Financial Corporation's own proxy. As printed: 2,000,604. Filing ↗machine: r4 · c34 · span 658732–658741
79Horizon Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-200000706129-26-000033CEO total compensation as printed in Horizon Bancorp, Inc.'s own proxy. As printed: 1,965,115. Filing ↗machine: span 583985–583994
80CrossFirst Bankshares, Inc., Section 10b CEO totalDEF 14A2024-03-260001558370-24-003893CEO total compensation as printed in CrossFirst Bankshares, Inc.'s own proxy. As printed: 1,924,315. Filing ↗machine: t121 · r6 · c16 · span 932186–932195
81City Holding Company, Section 10b CEO totalDEF 14A2026-03-270000726854-26-000092CEO total compensation as printed in City Holding Company's own proxy. As printed: 1,922,194. Filing ↗machine: t27 · r5 · c7 · span 511012–511021
82Republic Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027241CEO total compensation as printed in Republic Bancorp, Inc.'s own proxy. As printed: 1,819,342. Filing ↗machine: t262 · r15 · c18 · span 1699364–1699373
83QCR Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-090001171843-26-002356CEO total compensation as printed in QCR Holdings, Inc.'s own proxy. As printed: 1,713,726. Filing ↗machine: span 516480–516489
84MidWestOne Financial Group, Inc., Section 10b CEO totalDEF 14A2025-03-110001412665-25-000046CEO total compensation as printed in MidWestOne Financial Group, Inc.'s own proxy. As printed: 1,611,393. Filing ↗machine: span 451813–451822
85Midland States Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-230001104659-26-033298CEO total compensation as printed in Midland States Bancorp, Inc.'s own proxy. As printed: 1,532,241. Filing ↗machine: r1 · c35 · span 487815–487824
86Peoples Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-060000318300-26-000104CEO total compensation as printed in Peoples Bancorp, Inc.'s own proxy. As printed: 1,500,327. Filing ↗machine: t174 · r4 · c19 · span 1008838–1008848
87Premier Financial Corp., Section 10b CEO totalDEF 14A2024-03-180001140361-24-013910CEO total compensation as printed in Premier Financial Corp.'s own proxy. As printed: 1,107,726. Filing ↗machine: span 599128–599137
88BancFirst Corporation, Section 10b CEO totalDEF 14A2026-04-030001193125-26-141692CEO total compensation as printed in BancFirst Corporation's own proxy. As printed: 1,007,628. Filing ↗machine: t16 · r4 · c30 · span 773934–773943
89Section 10a, FB Financial Corporation reciprocityDEF 14A0001649749-26-000027FB Financial Corporation's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
90Section 10a, Peoples Bancorp, Inc. reciprocityDEF 14A0000318300-26-000104Peoples Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
91Section 10a, City Holding Company reciprocityDEF 14A0000726854-26-000092City Holding Company's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
92Section 10a, Park National Corporation reciprocityDEF 14A0000805676-26-000021Park National Corporation's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
93Section 10a, 1st Source Corporation reciprocityDEF 14A0000034782-26-0000211st Source Corporation names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, Republic Bancorp, Inc. reciprocityDEF 14A0001104659-26-027241Republic Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
95Section 10a, Enterprise Financial Services Corp. reciprocityDEF 14A0001025835-26-000079Enterprise Financial Services Corp.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
96Section 10a, First Mid Bancshares, Inc. reciprocityDEF 14A0001193125-26-109951First Mid Bancshares, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Stock Yards Bancorp, Inc. reciprocityDEF 14A0001437749-26-007879Stock Yards Bancorp, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, First Commonwealth Financial Corporation reciprocityDEF 14A0001193125-26-115933First Commonwealth Financial Corporation's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
99Section 10a, German American Bancorp, Inc. reciprocityDEF 14A0001104659-26-030015German American Bancorp, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Horizon Bancorp, Inc. reciprocityDEF 14A0000706129-26-000033Horizon Bancorp, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, MidWestOne Financial Group, Inc. reciprocityDEF 14A0001412665-25-000046MidWestOne Financial Group, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, Northwest Bancshares, Inc. reciprocityDEF 14A0001193125-26-148973Northwest Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
103Section 10a, Premier Financial Corp. reciprocityDEF 14A0001140361-24-013910Premier Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
104Section 10a, QCR Holdings, Inc. reciprocityDEF 14A0001171843-26-002356QCR Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
105Section 10a, S&T Bancorp, Inc. reciprocityDEF 14A0001193125-26-131720S&T Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
106Section 10a, First Busey Corporation reciprocityDEF 14A0000314489-26-000021First Busey Corporation's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
107Section 10a, Byline Bancorp, Inc. reciprocityDEF 14A0001193125-26-162758Byline Bancorp, Inc. names Nicolet Bankshares Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
108Section 10a, Lakeland Financial Corporation reciprocityDEF 14A0000721994-26-000036Lakeland Financial Corporation's most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗
109Section 10a, Midland States Bancorp, Inc. reciprocityDEF 14A0001104659-26-033298Midland States Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Nicolet Bankshares Inc. Filing ↗