Form 4: NMI Holdings Director Regina Muehlhauser Reports Stock Grant and Holdings

Director Regina Muehlhauser reports the acquisition of restricted stock units and discloses total holdings in NMI Holdings.

Summary

• Regina Muehlhauser, a director of NMI Holdings, Inc., filed a Form 4 on May 9, 2025, reporting a transaction that occurred on May 8, 2025.
• The transaction involved the acquisition of 4,439 restricted stock units (RSUs) at a price of $0.
• These RSUs were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan and vest on the first anniversary of the grant date.
• Following the reported transaction, Muehlhauser beneficially owns 60,687 common shares and 8,605 unvested restricted stock units, totaling 69,292 securities.
• Muehlhauser has also granted power of attorney to Joy M. Benner, Augustin Joo, Lawrence S. Hing, and Brad D. Burton to handle SEC filings on her behalf.

Sentiment

Score: 7

Explanation: The document reflects standard corporate governance practices. The grant of stock units is a positive sign of aligning director interests with shareholders, but it's a routine event.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a grant of stock to a director, which is a common practice in the industry to incentivize and align management with shareholder interests.

Comparison to Industry Standards

• Stock grants to directors are a common practice across publicly traded companies to align their interests with shareholders.
• The vesting schedule of one year is fairly standard for restricted stock units.
• Comparing the size of the grant to those of directors at similar-sized mortgage insurance companies (e.g., Radian Group, Essent Group) would provide further context on its significance.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign, aligning the director's interests with the company's long-term success.
• The power of attorney ensures the timely and accurate filing of required SEC documents.

Key Dates

Keywords

Form 4, NMI Holdings, Director, Regina Muehlhauser, Restricted Stock Units, Beneficial Ownership, Securities, Power of Attorney