Birkans Aldis 4

What Happened
Aldis Birkans, President of National Bank Holdings Corp (NBHC), reported the settlement of a performance stock unit award. The filing shows 2,971 shares acquired in connection with the award (transaction code A) and 1,296 shares withheld/disposed to cover withholding taxes (transaction code F), with the withheld shares reported at $39.99 each for a total withholding of $51,827.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (appears timely).
• Award/acquisition: 2,971 shares reported as acquired (code A) at $0.00 (award settlement).
• Tax withholding: 1,296 shares withheld/disposed (code F) at $39.99 each, total ~$51,827.
• Footnotes: F1 — shares were acquired upon settlement of a performance stock unit award granted April 1, 2023. F2 — withholding of shares was used to pay taxes on the settlement.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a settlement of previously granted performance stock units, not a market purchase or an open-market sale by the insider. Withholding shares to cover taxes is a routine administrative action and does not necessarily indicate a change in insider sentiment. Transaction codes: A = Award/Grant; F = Tax withholding.