Form 4: NMI Holdings EVP, Chief Sales Officer Norman Peter Fitzgerald Reports Stock Transactions
SEC Form 4 Filing
Norman Peter Fitzgerald, EVP, Chief Sales Officer of NMI Holdings, Inc., reports the disposition of shares to cover tax obligations and open market sales.
Summary
- On March 15, 2024, Norman Peter Fitzgerald, EVP, Chief Sales Officer of NMI Holdings, Inc., disposed of 2,187 Class A Common Shares to satisfy withholding taxes related to vesting restricted stock units.
- Fitzgerald also sold 12,000 Class A Common Shares in the open market at an average price of $29.9979 per share on the same day.
- Following these transactions, Fitzgerald beneficially owns 42,733 Class A Common Shares, including 21,474 shares and 21,259 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, depending on the overall market reaction to insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of grant of restricted stock units that vested on March 15, 2024 |
| 03/15/2024 | Date of stock disposal for tax obligations and open market sale. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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