Form 4: NMI Holdings Director John Erickson Reports Changes in Beneficial Ownership

Director John Erickson reports changes in beneficial ownership of NMI Holdings, including the acquisition of restricted stock units and adjustments to holdings.

Summary

• On May 8, 2025, John Erickson, a director of NMI Holdings, Inc., reported changes in his beneficial ownership of the company's securities.
• He acquired 4,439 restricted stock units (RSUs) at a price of $0 each.
• Following the transaction, Erickson beneficially owns 17,320 securities, including common shares and unvested RSUs.
• The RSUs vest on the first anniversary of the grant date, according to the NMIH Amended and Restated 2014 Omnibus Incentive Plan.
• Erickson has also granted power of attorney to Joy M. Benner, Augustin Joo, Lawrence S. Hing and Brad D. Burton to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units could align the director's interests with those of the shareholders.
• The power of attorney simplifies the administrative process for SEC filings.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
• The reporting requirements are consistent across all publicly traded companies in the United States.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company insiders.
• It helps stakeholders understand the alignment of interests between management and shareholders.

Key Dates

Keywords

beneficial ownership, NMI Holdings, restricted stock units, director, Form 4, Erickson, securities, power of attorney