Form 4: NMI Holdings Officer Donates Shares
Insider Transaction Report
NMI Holdings' Chief Administrative Officer and General Counsel, William J. Leatherberry, reported a charitable donation of 2,380 common shares.
Summary
- William J. Leatherberry, Chief Administrative Officer & General Counsel of NMI Holdings, Inc. (NMIH), reported a transaction on December 24, 2025.
- Leatherberry disposed of 2,380 common shares, $0.01 par value per share, as a bona fide gift to a charitable organization.
- Following this transaction, Leatherberry beneficially owns 132,406 securities directly, comprising 94,504 common shares and 37,902 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The filing reports a personal charitable donation of shares by an officer. This is a neutral event for the company's operational performance, though it slightly reduces the officer's direct equity stake.
Positives
- The reporting person made a charitable donation, which can be viewed positively from a philanthropic perspective.
Negatives
- The reporting person's direct beneficial ownership of common shares decreased by 2,380 shares due to the gift.
Risks
- The Power of Attorney document notes that the company does not represent or warrant that it will always be able to timely and accurately file Section 16 reports on behalf of the undersigned due to various factors and reliance on others for information.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | William J. Leatherberry granted a Power of Attorney to Laura Weissbein, Augustin Joo, and Brad D. Burton to execute and file Forms 3, 4, 5, and 10 on his behalf, related to his capacity as a director and/or officer of NMI Holdings, Inc. | 2025-09-11 | Streamlines the process for filing required insider trading reports for the named officer, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: Minimal impact, as it's a relatively small personal transaction by an officer.
- Reporting Person: Reduced direct beneficial ownership by 2,380 common shares.
Key Dates
| Date | Description |
|---|---|
| 2025-09-11 | Date Power of Attorney was executed by William J. Leatherberry. |
| 2025-12-24 | Date of the reported transaction (disposition of shares). |
| 2025-12-29 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
NMI Holdings, NMIH, Form 4, Insider Transaction, Stock Donation, William J. Leatherberry, Chief Administrative Officer, General Counsel, Charitable Gift, Equity
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