Form 4: NMIH VP Controller Sells Shares After RSU Vesting
Insider Transaction Report
NMI Holdings VP, Controller Nicholas Realmuto reported the sale of 291 common shares at $38.52 following the vesting of restricted stock units and tax withholding.
Summary
- Nicholas Daniel Realmuto, VP, Controller of NMI Holdings, Inc. (NMIH), reported transactions involving the company's common shares.
- On September 13, 2025, 301 common shares were disposed of to satisfy withholding taxes related to the vesting of restricted stock units (RSUs) granted on September 13, 2023. The net settlement price was based on the closing stock price on September 12, 2025.
- Following the tax withholding, Realmuto beneficially owned 7,607 common shares.
- On September 16, 2025, Realmuto sold 291 common shares in an open market transaction at a price of $38.52 per share.
- After these transactions, Realmuto beneficially owns 7,316 unvested restricted stock units.
- A Power of Attorney was executed on September 11, 2025, authorizing specific individuals to file Section 16 reports on Realmuto's behalf.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (tax withholding and a relatively small open market sale after RSU vesting), which are generally neutral in sentiment and do not indicate significant positive or negative developments for the company.
Risks
- The Power of Attorney states that NMI Holdings 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, including the undersigned and their brokers.
Future Outlook
This filing is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance.
Management Comments
- The Power of Attorney acknowledges that the attorneys-in-fact and the Company are not assuming the undersigned's responsibilities to comply with Section 16 of the Exchange Act.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization Update | Nicholas Realmuto executed a Power of Attorney, appointing William J. Leatherberry, Laura Weissbein, Augustin Joo, and Brad D. Burton as attorneys-in-fact to execute and file Forms 3, 4, 5, and 10 on his behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934. | 09/11/2025 | This streamlines the process for filing required insider transaction reports, ensuring compliance with SEC regulations. It does not alter the underlying governance structure but rather the administrative process for regulatory filings. |
Stakeholder Impact
- Shareholders: The sale of a relatively small number of shares by a VP, Controller, primarily for tax purposes and RSU vesting, is a routine event and is unlikely to have a material impact on shareholder value or perception.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date restricted stock units were granted to Nicholas Realmuto. |
| 09/11/2025 | Execution date of the Power of Attorney by Nicholas Realmuto. |
| 09/12/2025 | Closing stock price date used for net settlement of tax withholding related to RSU vesting. |
| 09/13/2025 | Transaction date for the disposition of 301 shares to satisfy tax withholding obligations. |
| 09/16/2025 | Transaction date for the open market sale of 291 common shares by Nicholas Realmuto. |
Keywords
NMI Holdings, NMIH, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, RSU Vesting, Executive Compensation
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