LANEY G. TIMOTHY 4

What Happened

• Laney G. Timothy, CEO of National Bank Holdings Corp (NBHC), was granted 33,326 shares of restricted common stock on 2026-03-17. The shares were awarded (transaction code A) with $0 cash paid — this is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (filed within the typical 2-business-day window).
• Shares granted: 33,326; price paid: $0; reported value = $0 (compensation award).
• Vesting: Award vests ratably on April 28, 2027, April 28, 2028, and April 28, 2029, subject to continued service (footnote F1).
• Consideration: No cash paid — award reflects compensation for services (footnote F2).
• Reported holdings note: filing indicates holdings include 449,721 restricted shares (footnote F3).
• Transaction type: Grant/Award of restricted stock (code A).

Context

• Restricted stock awards are common executive compensation and are subject to forfeiture until they vest; they do not necessarily signal a near-term buy or sell decision by the insider.
• For retail investors, purchases or open-market buys are often more indicative of personal conviction than routine compensation grants; this transaction should be viewed as part of the CEO’s compensation package.