Form 4: NMI Holdings VP, Controller Nicholas Realmuto Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Nicholas Daniel Realmuto, VP, Controller of NMI Holdings, reports a transaction involving the withholding of shares to cover taxes related to vesting restricted stock units.
Summary
- On September 13, 2024, Nicholas Daniel Realmuto, VP, Controller of NMI Holdings, Inc., had 301 common shares withheld to satisfy withholding taxes due in connection with the vesting of restricted stock units.
- The shares were withheld at a net settlement price equal to the closing stock price on September 13, 2024.
- These restricted stock units were granted on September 13, 2023, and vest in three equal annual installments beginning on September 13, 2024.
- Following the transaction, Realmuto beneficially owns 9,827 shares, including 291 common shares and 9,536 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| September 13, 2023 | Date restricted stock units were granted to the reporting person. |
| September 11, 2024 | Date of Power of Attorney execution. |
| September 13, 2024 | Date of transaction: shares withheld for tax obligations related to vesting restricted stock units; first vesting date of restricted stock units. |
| September 17, 2024 | Date of signature on the Form 4 filing. |
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