Form 4: National Bank Holdings Corp Executive Acquires and Disposes of Shares

Nicole Van Denabeele, Chief Accounting Officer of National Bank Holdings Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On April 1, 2024, Nicole Van Denabeele, Chief Accounting Officer of National Bank Holdings Corp, acquired 1,016 shares of restricted stock and 716 shares of common stock.
• The 1,016 shares of restricted stock were granted under the NBHC 2023 Omnibus Incentive Plan and vest in three equal annual installments starting April 28, 2025.
• The 716 shares of common stock were acquired upon settlement of a performance stock unit award granted on April 1, 2021.
• Also on April 1, 2024, 273 shares were withheld to cover income tax liability on the vested restricted stock at a price of $35.41 per share.
• Following these transactions, Van Denabeele directly owns 8,668 shares of National Bank Holdings Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The acquisition of shares is a positive sign, but the tax withholding is a neutral event.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance.
• The settlement of performance stock units suggests that performance targets were met.

Negatives

• The withholding of shares to cover tax liability reduces the net increase in share ownership.

Future Outlook

The vesting schedule of the restricted stock indicates a multi-year incentive plan for the reporting person.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect insider confidence.
• The transactions have a positive impact on the reporting person as they receive equity compensation.

Key Dates