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Director Doyle (NYSE: NBHC) gets stock grant, 663 shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

National Bank Holdings Corp director Robin Ann Doyle reported routine equity compensation and related tax withholding. She received a grant of 3,153 shares of restricted common stock, with no cash paid, as compensation for services. On a separate date, 663 shares were withheld at $42.96 per share to cover tax liabilities when a prior restricted stock award vested. After these transactions, she directly owns 7,720 common shares, including 3,153 unvested restricted shares scheduled to vest in two installments subject to continued service.

Positive

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Negative

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Insider Doyle Robin Ann
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,153 $0.00 --
Tax Withholding Common Stock 663 $42.96 $28K
Holdings After Transaction: Common Stock — 7,720 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability upon vesting of the remainder of the restricted stock award granted to the reporting person on 04/30/2025. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid. Total includes 3,153 unvested shares of restricted stock awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan, as amended and restated May 7, 2026, that will vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before the registrant's 2027 Annual Meeting of Shareholders, subject to continued service through the date of vesting.
Restricted stock grant 3,153 shares Common Stock grant/award on May 7, 2026
Tax withholding shares 663 shares Shares withheld for tax liability on May 6, 2026
Tax withholding price <money>$42.96</money> per share Value of shares withheld for tax payment
Post-transaction holdings 7,720 shares Total common shares directly owned after grant
Unvested restricted shares 3,153 shares Awarded under 2023 Omnibus Incentive Plan, vesting in two installments
restricted stock financial
"This transaction represents a grant of restricted stock by the Issuer."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liability financial
"Represents shares withheld for payment of tax liability upon vesting"
2023 Omnibus Incentive Plan financial
"awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan"
vest financial
"that will vest in two equal installments on (i) the 180th day"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Doyle Robin Ann

(Last)(First)(Middle)
7800 EAST ORCHARD ROAD
SUITE 300

(Street)
GREENWOOD VILLAGE COLORADO 80111

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
National Bank Holdings Corp [ NBHC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026F663(1)D$42.964,567D
Common Stock05/07/2026A3,153A$0(2)7,720(3)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld for payment of tax liability upon vesting of the remainder of the restricted stock award granted to the reporting person on 04/30/2025.
2. This transaction represents a grant of restricted stock by the Issuer. Therefore, no consideration other than the value of services rendered was paid.
3. Total includes 3,153 unvested shares of restricted stock awarded under the National Bank Holdings Corporation 2023 Omnibus Incentive Plan, as amended and restated May 7, 2026, that will vest in two equal installments on (i) the 180th day following the date of grant and (ii) the day before the registrant's 2027 Annual Meeting of Shareholders, subject to continued service through the date of vesting.
/s/ Amy Abrams, Attorney-in-Fact05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did NBHC director Robin Ann Doyle report?

Robin Ann Doyle reported a restricted stock grant and a tax withholding. She received 3,153 restricted shares as compensation, and 663 shares were withheld at $42.96 per share to pay taxes on a prior restricted stock vesting.

Was Robin Ann Doyle’s NBHC Form 4 a market buy or sell?

The filing reflects compensation and tax withholding, not open-market trading. Doyle received 3,153 restricted shares as a grant, while 663 shares were withheld by the issuer to satisfy tax obligations when an earlier restricted award vested.

How many NBHC shares does Robin Ann Doyle hold after these transactions?

After these transactions, Doyle directly holds 7,720 NBHC common shares. This total includes 3,153 unvested restricted shares granted under the 2023 Omnibus Incentive Plan, which will vest in two scheduled installments if service continues.

What are the terms of the new 3,153-share restricted stock grant at NBHC?

The 3,153-share restricted stock grant is compensation under NBHC’s 2023 Omnibus Incentive Plan. These shares will vest in two equal installments: on the 180th day after the grant date and the day before the 2027 annual shareholder meeting, subject to continued service.

Why were 663 NBHC shares disposed of in Robin Ann Doyle’s Form 4?

The 663-share disposition reflects shares withheld to cover tax liability, not a market sale. These shares were retained by the issuer upon vesting of the remaining portion of a restricted stock award originally granted to Doyle on April 30, 2025.