Form 4: NMI Holdings CEO Adam Pollitzer Reports Stock Transactions
SEC Form 4 Filing
Adam Pollitzer, CEO of NMI Holdings, reports acquisition and disposal of company stock and restricted stock units.
Summary
- Adam Pollitzer, the CEO of NMI Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On February 12, 2025, Pollitzer acquired 72,098 restricted stock units and 116,144 common shares.
- Also on February 12, 2025, 58,978 common shares were withheld to satisfy tax obligations related to the vesting of performance-based restricted stock units (PRSUs).
- Following these transactions, Pollitzer beneficially owns 386,631 common shares, including 139,333 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the executive's holdings and aligns with regulatory requirements.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders, such as CEOs, across all publicly traded companies.
- The vesting schedule of the restricted stock units (40% on each of the first and second anniversaries, and 20% on the third) is a typical vesting structure seen in many companies' equity compensation plans.
- Tax withholding upon vesting of restricted stock units is also a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/09/2022 | Reporting person was granted performance-based restricted stock units (PRSUs). |
| 02/12/2025 | Date of earliest transaction: Acquisition of restricted stock units and common shares, and disposal of shares for tax withholding. |
| 02/12/2025 | Performance criteria for PRSUs were met, resulting in the issuance of 116,144 vested PRSUs. |
| 02/14/2025 | Date of signature on the Form 4 filing. |
Keywords
NMI Holdings, Adam Pollitzer, Form 4, Stock, Restricted Stock Units, Beneficial Ownership, Securities, Transactions
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.