Newfield Richard U Jr. 4

What Happened

• Richard U. Newfield Jr., Chief Risk Management Officer at National Bank Holdings Corp (NBHC), received 2,104 shares on 2026-03-01 upon settlement of a performance stock unit (PSU) award. Simultaneously, 1,040 shares were withheld/disposed to cover tax obligations at $39.99 per share, totaling $41,590.

Key Details

• Transaction date: March 1, 2026.
• Award/acquisition: 2,104 shares credited at $0.00 (PSU settlement) [Code A].
• Tax withholding/disposition: 1,040 shares at $39.99, value $41,590 [Code F].
• Footnotes: F1 indicates these shares came from a PSU grant dated April 1, 2023; F2 notes inclusion of 299 and 298 shares acquired under the company ESPP on Aug 29, 2025 and Feb 27, 2026; F3 confirms shares were withheld to pay taxes on the PSU settlement.
• Filing: Form 4 filed March 3, 2026 for a March 1 transaction — appears to be filed within the standard two-business-day window (timely).

Context

• This was a settlement of vested performance stock units, not an open-market purchase or sale for investment purposes. The withholding of 1,040 shares to cover taxes is a routine cashless-withholding method (reduces shares delivered to the insider) rather than an active sale signal. Purchases (buys) generally carry more direct bullish signal than awards or tax withholdings.