Form 4: NMI Holdings CFO Executes Routine Share Withholding
Statement of Changes in Beneficial Ownership
NMI Holdings CFO Aurora Swithenbank reported the withholding of 9,135 common shares to satisfy tax obligations related to restricted stock unit vesting.
Summary
- Aurora Swithenbank, EVP and CFO of NMI Holdings, Inc., had 9,135 common shares withheld by the company.
- The transaction occurred on May 1, 2026, to satisfy tax withholding requirements associated with the vesting of restricted stock units (RSUs).
- Following this transaction, the reporting person maintains a beneficial ownership of 65,318 common shares, consisting of 23,447 common shares and 41,871 unvested RSUs.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing with no impact on the company's fundamental outlook.
Positives
- The transaction is a standard administrative procedure for tax compliance rather than a discretionary open-market sale.
- The reporting person retains a significant equity stake in the company, aligning interests with shareholders.
Negatives
- None identified; this is a routine regulatory disclosure regarding tax withholding.
Risks
- None identified; this filing relates to personal tax obligations of an executive.
Future Outlook
No forward-looking guidance or operational outlook provided in this document.
Industry Context
StockSavvy.ai notes that routine tax withholding filings by executives are standard industry practice and do not typically signal changes in corporate strategy or management sentiment regarding company performance.
Comparison to Industry Standards
- The transaction follows standard SEC Section 16 reporting requirements for equity-based compensation.
- The net-settlement approach for tax obligations is consistent with common corporate governance practices among publicly traded financial services firms.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization of William J. Leatherberry, Laura Weissbein, Augustin Joo, and Brad D. Burton to file Section 16 reports on behalf of the reporting person. | 09/11/2025 | Standard administrative measure to ensure timely regulatory compliance. |
Stakeholder Impact
- No material impact on shareholders, employees, or creditors as this is a personal tax-related transaction.
Next Steps
- Continued monitoring of future Section 16 filings for any discretionary trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Original grant date of the restricted stock units. |
| 09/11/2025 | Date of Power of Attorney execution. |
| 05/01/2026 | Date of the reported transaction (vesting and tax withholding). |
| 05/04/2026 | Date of filing. |
Keywords
NMIH, NMI Holdings, Form 4, Insider Transaction, Tax Withholding, Executive Compensation
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