Form 4: National Bank Holdings Corp Executive Ruth Stevenson Reports Changes in Beneficial Ownership

Ruth Stevenson, Chief Client Executive at National Bank Holdings Corp, reports acquisition and disposal of common stock and restricted stock.

Summary

• On April 1, 2024, Ruth Stevenson, Chief Client Executive of National Bank Holdings Corp, reported changes in beneficial ownership.
• She acquired 483 shares of restricted stock under the NBHC 2023 Omnibus Incentive Plan, vesting in three equal annual installments starting April 28, 2025.
• Stevenson also acquired 306 shares of common stock upon settlement of a performance stock unit award granted on April 1, 2021.
• 106 shares were withheld to cover income tax liability related to the vested performance stock units at a price of $35.41.
• Following these transactions, Stevenson beneficially owns 21,890 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. The transactions reflect typical executive compensation practices.

Positives

• The acquisition of restricted stock indicates a continued alignment of the executive's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units (RSUs) and performance stock units (PSUs) are standard practice among publicly traded financial institutions.
• Vesting schedules of three years are also typical for RSUs, aligning executive incentives with long-term shareholder value.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates