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National Bank Holdings Corp·4

May 8, 4:37 PM ET

Clermont Ralph W 4

Research Summary

AI-generated summary

Updated

NBHC Director Ralph W. Clermont Receives Restricted Stock; 807 Shares Withheld

What Happened

  • Ralph W. Clermont, a director of National Bank Holdings Corp (NBHC), received a grant of 3,620 restricted shares on 2026-05-07 (no cash paid). These shares are unvested and will vest in two equal installments per the award terms.
  • On 2026-05-06, 807 shares were withheld/surrendered to cover tax liabilities related to a prior restricted stock award; those shares were disposed at $42.96 each for total proceeds of $34,669. The withholding is recorded as a disposition (code F) and reflects tax withholding rather than an open-market sell.

Key Details

  • Transaction dates and prices:
    • 2026-05-06: 807 shares withheld/disposed at $42.96, proceeds $34,669 (code F — tax withholding).
    • 2026-05-07: 3,620 shares granted as restricted stock, $0 consideration (code A — award).
  • Vesting and ownership:
    • The 3,620 granted shares are unvested and vest in two equal installments: (i) 180 days after grant and (ii) the day before NBHC's 2027 Annual Meeting, subject to continued service.
    • The filing states the total reported position includes these 3,620 unvested shares.
  • Notable footnotes:
    • The 807-share disposition represents shares withheld to pay tax liabilities upon vesting of a prior award (F1).
    • A separate transfer of 1,935 shares into the reporting person's revocable trust is noted as a change in form of ownership and exempt from Section 16 reporting under Rule 16a-13 (F2).
    • The 3,620-share grant is a restricted stock award for services; no cash consideration was paid (F3, F4).
  • Filing timeliness: Form 4 was filed on 2026-05-08 reporting transactions on 2026-05-06 and 2026-05-07; this appears to be within the Form 4 reporting window and not flagged as late.

Context

  • This filing reflects a routine restricted stock grant and tax-withholding surrender. The withholding is administrative (to cover taxes) rather than an explicit cash sale indicative of trading sentiment. The grant increases the director's unvested equity stake subject to vesting and service conditions.