Norman Peter Fitzgerald - Feb 7, 2024 Form 4 Insider Report for NMI Holdings, Inc. (NMIH)

Signature
/s/ Lynn Zheng, as Attorney-in-Fact
Stock symbol
NMIH
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
4
Date filed
2/9/2024, 08:28 PM
Previous filing
Mar 17, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NMIH Restricted Stock Unit (right to receive) Award $0 +11K +26.69% $0.00 52.2K Feb 7, 2024 Direct F1
transaction NMIH Class A Common Shares, $0.01 par value per share Award $0 +16.6K +31.7% $0.00 68.8K Feb 7, 2024 Direct F2
transaction NMIH Class A Common Shares, $0.01 par value per share Tax liability $0 -7.59K -11.03% $0.00 61.2K Feb 7, 2024 Direct F3
transaction NMIH Class A Common Shares, $0.01 par value per share Tax liability $0 -2.41K -3.95% $0.00 58.8K Feb 8, 2024 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan on February 7, 2024. The restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
F2 On June 1, 2021, the reporting person was granted performance-based restricted stock units (PRSUs) pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. Each PRSU represents a contingent right to receive shares of NMIH's Class A common shares upon settlement. The PRSUs vest at the end of the three-year period following the grant on the date that the Compensation Committee of the Board of Directors certifies attainment, based on NMIH's satisfaction of certain performance criteria. The performance criteria were met on February 7, 2024, resulting in the issuance of 16,556 vested PRSUs.
F3 Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of the PRSUs granted to the reporting person on June 1, 2021 at a net settlement price equal to the closing stock price on February 7, 2024.
F4 Represents shares withheld by NMIH to satisfy withholding taxes due in connection with the vesting of certain restricted stock units granted to the reporting person on February 8, 2023 at a net settlement price equal to the closing stock price on February 8, 2024. The restricted stock units vest 40% on each of the first and second anniversaries of the grant date and 20% on the third anniversary of the grant date.
F5 Represents 28,814 Class A common shares and 29,960 unvested restricted stock units.