Smith Robert Owen 4
4 · NMI Holdings, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
NMIH EVP Robert Owen Smith Withholds Shares for Taxes
What Happened Robert Owen Smith, EVP and Chief Risk Officer of NMI Holdings, had a total of 5,347 shares withheld to satisfy tax withholding when restricted stock units vested. The Form 4 reports dispositions of 3,383 shares on 2026-02-07 and 1,964 shares on 2026-02-08; both are listed at $0.00 on the form because the shares were withheld to cover taxes rather than sold on the open market. The filing was submitted on 2026-02-10.
Key Details
- Transaction dates and reported amounts:
- 2026-02-07: 3,383 shares withheld (reported at $0.00)
- 2026-02-08: 1,964 shares withheld (reported at $0.00)
- Total withheld: 5,347 shares
- Shares owned after the transactions (per filing): 61,417 common shares and 17,802 unvested restricted stock units.
- Footnotes:
- Withholdings relate to RSUs granted 02/07/2024 (F1) and 02/08/2023 (F2).
- Net settlement price for withholding was equal to the closing price on 02/06/2026 (per footnotes).
- Vesting schedule for these RSUs: 40% at each of the first and second anniversaries, and 20% at the third anniversary.
- Filing: Form 4 filed 2026-02-10; no late-filing flag indicated.
Context These transactions are tax-withholding events tied to RSU vesting (a routine administrative disposition), not open-market sales or purchases. The $0.00 price on the Form 4 reflects shares withheld to cover taxes rather than cash proceeds; the actual per-share value was the stock’s close on 2026-02-06 as noted in the filing. Such withholdings reduce the insider’s outstanding common shares and are generally considered administrative, not a direct signal of the insider’s view on the company.
Insider Transaction Report
- Tax Payment
Common Shares, $0.01 par value per share
[F1]2026-02-07−3,383→ 81,183 total - Tax Payment
Common Shares, $0.01 par value per share
[F2][F3]2026-02-08−1,964→ 79,219 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 61,417 common shares and 17,802 unvested restricted stock units.