Form 4: NMI Holdings Executive William Leatherberry Reports Changes in Beneficial Ownership

William Leatherberry, Chief Administrative Officer & General Counsel of NMI Holdings, reports transactions involving restricted stock units and common shares.

Summary

• On February 12, 2025, William Leatherberry, Chief Administrative Officer & General Counsel of NMI Holdings, reported changes in beneficial ownership.
• Leatherberry acquired 19,677 restricted stock units and 43,252 common shares.
• He also disposed of 21,964 common shares to cover withholding taxes related to the vesting of performance-based restricted stock units (PRSUs) granted on February 9, 2022.
• Following these transactions, Leatherberry beneficially owns 176,907 common shares, including 37,902 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of PRSUs suggests the company met performance targets, which is mildly positive.

Positives

• The vesting of PRSUs indicates that NMI Holdings met certain performance criteria set by the Compensation Committee, which could be viewed positively.

Negatives

• The disposal of 21,964 shares to cover withholding taxes, while a standard practice, represents a decrease in Leatherberry's direct shareholding.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders, providing insight into executive compensation and ownership.

Key Dates

Keywords

NMI Holdings, William Leatherberry, Form 4, Beneficial Ownership, Restricted Stock Units, Common Shares, PRSUs, Vesting, Officer, NMIH