Form 4: NMI Holdings Director John Erickson Receives RSU Grant

Director John C. Erickson was granted 4,512 restricted stock units as part of the NMI Holdings, Inc. 2014 Omnibus Incentive Plan.

Summary

• Director John C. Erickson received a grant of 4,512 restricted stock units (RSUs) on May 14, 2026.
• The RSUs were issued under the NMIH Amended and Restated 2014 Omnibus Incentive Plan.
• The units are scheduled to vest on the first anniversary of the grant date.
• Following this transaction, the director's total beneficial ownership is 21,832 shares, consisting of 17,320 common shares and 4,512 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• The grant aligns the director's interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• The value of the granted RSUs is subject to market volatility and the future performance of NMI Holdings common stock.

Future Outlook

The RSUs are set to vest on May 14, 2027, one year from the grant date.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices in the financial services and mortgage insurance sectors to ensure alignment with shareholder interests.

Comparison to Industry Standards

• The use of a 2014 Omnibus Incentive Plan for director compensation is consistent with standard practices among publicly traded financial institutions.
• Vesting schedules of one year for director equity grants are common within the industry.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

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

Key Dates

Keywords

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