Form 4: NMI Holdings Executive Chairman Bradley M. Shuster Reports Tax Withholding Transactions

Bradley M. Shuster, Executive Chairman of NMI Holdings, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 11, 2025, Bradley M. Shuster, Executive Chairman of NMI Holdings, Inc., filed a Form 4 with the SEC.
• The filing reports the withholding of NMIH common shares 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 in three equal annual installments.
• A total of 6,937, 6,946, and 6,226 shares were withheld on February 7, 2025, February 8, 2025 and February 9, 2025 respectively.
• Following these transactions, Mr. Shuster directly owns 407,162 common shares and indirectly owns 47,150 shares through the Shuster Family Trust.
• The filing also includes a Power of Attorney, effective as of September 11, 2024, granting certain individuals the authority to execute and file SEC forms on Mr. Shuster's behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transactions reported have a minor impact on shareholders as they relate to tax obligations of an executive.

Key Dates

Keywords

Form 4, NMI Holdings, Bradley M. Shuster, Executive Chairman, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Power of Attorney