Form 4: NMI Holdings VP, Controller Nicholas Realmuto Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Nicholas Realmuto, VP, Controller of NMI Holdings, reports the acquisition of restricted stock units and the disposal of shares to cover withholding taxes.
Summary
- On March 15, 2024, Nicholas Realmuto, VP, Controller of NMI Holdings, acquired 3,332 restricted stock units.
- On the same date, Realmuto disposed of 349, 470, and 1,037 Class A Common Shares to satisfy withholding taxes related to the vesting of restricted stock units granted in 2021, 2022, and 2023 respectively.
- Following these transactions, Realmuto beneficially owns 11,931 Class A Common Shares, including 1,803 shares and 10,128 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Positives
- The acquisition of restricted stock units indicates continued alignment of the reporting person's interests with the company's long-term performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving restricted stock units and the associated tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Grant date of certain restricted stock units, vesting of which triggered tax withholding on 03/15/2024. |
| 03/15/2022 | Grant date of certain restricted stock units, vesting of which triggered tax withholding on 03/15/2024. |
| 03/15/2023 | Grant date of certain restricted stock units, vesting of which triggered tax withholding on 03/15/2024. |
| 03/15/2024 | Date of transaction: Acquisition of restricted stock units and disposal of shares for tax withholding. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.