MCCABE ROBERT A JR 4

What Happened
Robert A. McCabe Jr, a director of National Health Investors (NHI), reported derivative transactions on 2026-02-12. The filing shows an exercise/conversion event (code M) for 10,000 shares at $73.34 per share (acquired) for a total of $733,400. To satisfy tax obligations (code F), 8,180 shares were disposed/withheld at $89.66 per share, generating ~$733,419. The filing also lists a separate derivative-related entry of 10,000 shares at $0.00 (disposed) reported with no cash value.

Key Details

• Transaction date: 2026-02-12 (Form filed 2026-02-17).
• Exercise/acquisition: 10,000 shares @ $73.34 = $733,400 (code M).
• Tax withholding/disposition: 8,180 shares @ $89.66 = $733,419 (code F).
• Additional derivative entry: 10,000 shares @ $0.00 reported as disposed (code M, $0 reported).
• Footnote: Holdings include 1,742.79 shares acquired in 2025 via the Dividend Reinvestment Plan (DRIP).
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing timing: Form 4 was filed 5 days after the transaction date; Form 4s are typically due within 2 business days, so this filing may be late (check the full filing for a timeliness flag).

Context

• The pattern (exercise plus share withholding) is commonly a tax-withholding/cashless-settlement step following option exercises or vesting, and is generally routine rather than a directional market bet.
• Code keys: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld/sold).
• This report is factual disclosure of insider activity; it does not explain motivations.