Leatherberry William J 4
4 · NMI Holdings, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
NMIH GC William J. Leatherberry Withholds Shares for Taxes
What Happened
William J. Leatherberry, Chief Administrative Officer & General Counsel of NMI Holdings, had company shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). On Feb 7, 2026, 4,633 shares were withheld and on Feb 8, 2026, 2,570 shares were withheld (total 7,203 shares). Each withholding shows $0 proceeds because the shares were not sold on the open market but retained by NMIH to cover tax obligations.
Key Details
- Transaction codes: F = shares withheld to satisfy tax obligations on vesting.
- Dates and amounts: Feb 7, 2026 — 4,633 shares withheld; Feb 8, 2026 — 2,570 shares withheld. Reported disposition amount = $0.
- Shares owned after transaction: 101,133 common shares and 24,070 unvested RSUs (per footnote).
- Footnotes: Withholdings relate to RSUs granted Feb 7, 2024 (F1) and Feb 8, 2023 (F2). Net settlement used the closing price on Feb 6, 2026. RSU vesting schedule: 40% on each of the first and second anniversaries, 20% on the third.
- Filing timeliness: Report filed Feb 10, 2026; transactions occurred Feb 7–8, 2026 — filed within the typical 2-business-day Form 4 window.
Context
This was an internal tax-withholding event (net settlement of RSUs), not an open-market sale or purchase, and therefore does not by itself signal a change in insider sentiment. Tax withholdings are routine when RSUs vest; the reporting shows the company retained shares to cover the tax liability rather than the executive selling shares on the market.
Insider Transaction Report
- Tax Payment
Common Shares, $0.01 par value per share
[F1]2026-02-07−4,633→ 127,773 total - Tax Payment
Common Shares, $0.01 par value per share
[F2][F3]2026-02-08−2,570→ 125,203 total
Footnotes (3)
- [F1]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 7, 2024 at a net settlement price equal to the closing stock price on February 6, 2026. The shares underlying these 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]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 6, 2026. The shares underlying these 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.
- [F3]Represents 101,133 common shares and 24,070 unvested restricted stock units.