NMIH.NASDAQNmi Holdings, INC

Form 4: NMI Holdings Executive Yousaf Mohammad Nawaz Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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EVP of Operations & Info. Tech. at NMI Holdings, Yousaf Mohammad Nawaz, reports disposition of shares to cover tax obligations related to vesting restricted stock units.

Summary

  • On March 15, 2024, Yousaf Mohammad Nawaz, EVP of Operations & Info. Tech. at NMI Holdings, Inc., disposed of 1,450 Class A Common Shares to cover withholding taxes.
  • The shares were withheld by NMIH to satisfy tax obligations related to the vesting of restricted stock units granted on March 15, 2021.
  • Following the transaction, Nawaz directly owns 34,026 Class A Common Shares, including 11,188 shares and 22,838 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates

DateDescription
03/15/2021Date of grant for restricted stock units that vested on March 15, 2024.
03/15/2024Date of transaction: 1,450 shares disposed of to cover tax obligations related to vesting of restricted stock units.
03/19/2024Date of signature for the Form 4 filing.

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