Form 4: NMI Holdings EVP, Chief Risk Officer Robert Owen Smith Reports Tax Withholding on Vesting Restricted Stock Units
SEC Form 4 Filing
Robert Owen Smith, EVP and Chief Risk Officer of NMI Holdings, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Robert Owen Smith, the EVP and Chief Risk Officer of NMI Holdings, Inc., filed a Form 4 on February 11, 2025, reporting changes in beneficial ownership of the company's stock.
- The reported transactions involve the withholding of common shares by NMIH to satisfy tax obligations related to the vesting of restricted stock units.
- These restricted stock units were granted on February 7, 2024, February 8, 2023, and February 9, 2022, and vest over three years.
- A total of 3,385 shares were withheld on February 7, 2025, 3,918 shares on February 8, 2025, and 1,681 shares on February 9, 2025, to cover these taxes.
- Following these transactions, Smith directly owns 73,628 common shares, which includes 60,308 common shares and 13,320 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022/02/09 | Grant date of certain restricted stock units. |
| 2023/02/08 | Grant date of certain restricted stock units. |
| 2024/02/07 | Grant date of certain restricted stock units. |
| 2024/09/11 | Date of Power of Attorney execution. |
| 2025/02/07 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| 2025/02/08 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| 2025/02/09 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| 2025/02/11 | Form 4 Filing Date |
Keywords
Form 4, Beneficial Ownership, NMI Holdings, Robert Owen Smith, Restricted Stock Units, Tax Withholding, Vesting
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