Jobe James R 4

What Happened James R. Jobe, a director of National Health Investors (NHI), exercised 10,000 stock options on 2026-02-17 at an exercise price of $73.34 per share, incurring a cash exercise amount of $733,400. To satisfy tax withholding, 8,058 shares were withheld/sold at $91.02 per share (value ~$733,439). The filing shows the related derivative position was terminated on exercise. Net result: Jobe received 10,000 shares, had 8,058 shares withheld for taxes, and ended up with a net increase of 1,942 shares.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (filed within the typical 2-business-day reporting window).
• Option exercise (code M): 10,000 shares acquired at $73.34/share = $733,400.
• Tax withholding (code F): 8,058 shares disposed at $91.02/share = $733,439 (used to satisfy tax liability).
• Additional derivative line: 10,000 derivative units reported disposed at $0.00 — reflects termination/cancellation of the option upon exercise.
• Net shares acquired: 1,942 shares (10,000 acquired − 8,058 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5-1 or other special plan was indicated in the excerpt; withholding appears to be routine tax settlement.

Context This was an option exercise with a net-share settlement to cover taxes (commonly called a cashless/net exercise). Such withholding transactions are routine and reflect tax obligations rather than an open-market sale for investment reasons. The filing appears timely based on the dates reported.