Form 4: Director Renu Agrawal Receives NMIH Equity Grant

NMI Holdings, Inc. director Renu Agrawal was granted 4,512 restricted stock units as part of the company's incentive plan.

Summary

• Director Renu Agrawal acquired 4,512 restricted stock units (RSUs) on May 14, 2026.
• The grant was issued under the NMIH Amended and Restated 2014 Omnibus Incentive Plan.
• The RSUs are scheduled to vest on the first anniversary of the grant date, May 14, 2027.
• Following this transaction, the reporting person holds a total of 8,663 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard compensatory equity grant for a board member.

Risks

• Value of the equity grant is subject to future market performance of NMIH common stock.

Future Outlook

The RSUs will vest on May 14, 2027, subject to the terms of the 2014 Omnibus Incentive Plan.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the financial services and mortgage insurance sectors to ensure board members maintain a vested interest in company performance.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with standard practices among mid-cap financial services firms.
• Vesting schedules of one year are common for annual director equity retainers in the U.S. market.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• Vesting of the 4,512 RSUs on May 14, 2027.

Key Dates

Keywords

NMIH, NMI Holdings, Director, Insider Transaction, Restricted Stock Units, Equity Compensation