Van Denabeele Nicole 4

What Happened

• Nicole Van Denabeele, Chief Financial Officer of National Bank Holdings Corp (NBHC), had a performance stock unit (PSU) award settle on March 1, 2026. She was issued 568 shares (award, $0 acquisition price).
• To cover tax withholding on the settlement, 269 of those shares were withheld (reported as a disposition) at an indicated per-share value of $39.99, totaling $10,757. Net shares delivered to her from this settlement were 299.

Key Details

• Transaction dates: award settled March 1, 2026; Form 4 filed March 3, 2026 (timely).
• Reported entries: A = Award/Grant of 568 shares @ $0.00 (acquired); F = Withholding of 269 shares @ $39.99 (disposed) for taxes.
• Net change from this event: +299 shares issued to the insider after withholding.
• Footnotes: The shares stem from a PSU award granted April 1, 2023 (F1). The filing notes 50 shares acquired under the NBHC Employee Stock Purchase Plan on Feb 27, 2026 (F2). The withholding was used to pay taxes associated with the PSU settlement (F3).
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context

• This was a routine PSU settlement and tax-withholding event, not an open-market buy or discretionary sale. Withholding shares to cover taxes is common on vested equity awards and is coded as F on Form 4.
• Such award settlements increase insider ownership but do not necessarily signal new bullish/bearish intent; they reflect compensation vesting rather than a market trade.