Form 4: NMI Holdings Director Michael Montgomery Reports Changes in Beneficial Ownership

Director Michael Montgomery reports the acquisition of restricted stock units and changes in beneficial ownership of NMI Holdings, Inc.

Summary

• On May 9, 2024, Michael Montgomery, a director of NMI Holdings, Inc., reported changes in his beneficial ownership of the company's securities.
• He acquired 4,166 restricted stock units (RSUs) at a price of $0 each.
• Following the transaction, Montgomery beneficially owns 65,844 securities, including 61,678 common shares and 4,166 unvested RSUs.
• The RSUs vest on the first anniversary of the grant date and were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan.
• Montgomery has a power of attorney authorizing William J. Leatherberry, Joy M. Benner, Lynn O. Zheng, Brad D. Burton and Lawrence S. Hing to file Forms 3, 4, 5, and 10 on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating changes in ownership, neither overtly positive nor negative.

Positives

• The acquisition of restricted stock units could be seen as a positive sign, indicating the director's continued alignment with the company's long-term success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates