Nicolet Bankshares CEO Mike Daniels agrees to lead through 2030, receives $12 million award
Nicolet Bankshares' Chairman, President and CEO Mike Daniels agreed to extend his planned leadership through the end of 2030. The board approved an equity award to him with a grant date value of $12 million, part of which vests only if performance targets on peer-relative return on average assets and cumulative earnings per share are met.
Key points
- Daniels agreed to extend his planned leadership through the end of 2030, per a September 8, 2025 press release
- Equity award of up to 90,000 shares: 30,000 restricted shares cliff vest after 5 years of service through December 31, 2030
- Up to 60,000 restricted stock units vest on performance over a 5-year period starting January 1, 2026, tied to peer-bank ROAA percentiles and cumulative EPS targets
- Grant date value of the award is $12 million, recognized over 2026 to 2030
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2025.
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