ZEILE ART 4

4 · National Bank Holdings Corp · Filed May 8, 2026

AI-generated summary of this filing

Updated May 9, 2026

NBHC Director Art Zeile Receives Restricted Stock Award

What Happened

Art Zeile, a director of National Bank Holdings Corp (NBHC), received a grant of 3,153 restricted shares on 2026-05-07 (no cash paid). Separately, 686 shares were withheld on 2026-05-06 to satisfy a tax liability related to a prior restricted stock vesting, resulting in proceeds of $29,471 (686 shares × $42.96).

Key Details

Transaction dates and prices:
- 2026-05-07: Award (A) — 3,153 restricted shares granted at $0.00 (no cash paid) (Footnote F2).
- 2026-05-06: Tax withholding (F) — 686 shares withheld/disposed at $42.96 for $29,471 (Footnote F1).
Shares owned after transaction: the filing indicates the total includes the 3,153 unvested shares awarded; the excerpt does not list a full post-transaction beneficial ownership total (see Footnote F3).
Vesting: the 3,153 restricted shares vest in two equal installments — one on the 180th day after grant and the other the day before NBHC’s 2027 Annual Meeting, subject to continued service (Footnote F3).
Filing timeliness: Form 4 filed 2026-05-08 reporting transactions dated 2026-05-06 and 2026-05-07; this appears to be a timely filing.

Context

The 3,153-share entry is a restricted stock award (service-based compensation), not an open-market purchase — no cash exchanged other than the value of services rendered.
The 686-share disposition is routine tax withholding upon vesting of a prior award and does not necessarily signal a change in the director’s market view.
For retail investors, awards indicate executive compensation and potential future dilution at vesting; tax-withholding disposals are common and administrative.

Form 4

Period: 2026-05-06

Director

Transactions

Footnotes (3)

[F1]Represents shares withheld for payment of tax liability upon vesting of the remainder of the restricted stock award granted to the reporting person on 04/30/2025.
[F2]This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid.
[F3]Total includes 3,153 unvested shares of restricted stock awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan, as amended and restated May 7, 2026, that will vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before the registrant's 2027 Annual Meeting of Shareholders, subject to continued service through the date of vesting.

Signature

/s/ Amy Abrams|2026-05-08

2 files