NMI Holdings (NMIH) SVP gets 3,882 RSUs; shares withheld for taxes

Rhea-AI Filing Summary

NMI Holdings, Inc. reported that SVP and Controller Nicholas Daniel Realmuto received a grant of 3,882 restricted stock units on March 15, 2026 under the company’s Amended and Restated 2014 Omnibus Incentive Plan. These units vest in three equal annual installments starting on the first anniversary of the grant date.

On the same date, the company withheld a total of 3,053 common shares to cover withholding taxes tied to the vesting of earlier restricted stock unit grants made on March 15, 2023, March 15, 2024, and March 15, 2025. After these transactions, Realmuto’s position consists of 2,943 common shares and 5,202 unvested restricted stock units, reflecting routine compensation and tax-settlement activity rather than open-market trading.

SEC Form 4

FORM 4

UNITED 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

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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^*

Realmuto Nicholas Daniel

(Last) (First) (Middle)

2100 POWELL ST.

12TH FLOOR

(Street)

EMERYVILLE CA 94608

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NMI Holdings, Inc. [ NMIH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Restricted Stock Unit (right to receive)	03/15/2026		A		3,882(1)	A	$0	11,198	D
Common Shares, $0.01 par value per share	03/15/2026		F		1,042(2)	D	$0	10,156	D
Common Shares, $0.01 par value per share	03/15/2026		F		772(3)	D	$0	9,384	D
Common Shares, $0.01 par value per share	03/15/2026		F		565(3)	D	$0	8,819	D
Common Shares, $0.01 par value per share	03/15/2026		F		674(4)	D	$0	8,145(5)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted pursuant to the NMIH Amended and Restated 2014 Omnibus Incentive Plan. The shares underlying such restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

2. 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 March 15, 2023 at a net settlement price equal to the closing stock price on March 13, 2026.

3. 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 March 15, 2024 at a net settlement price equal to the closing stock price on March 13, 2026.

4. 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 March 15, 2025 at a net settlement price equal to the closing stock price on March 13, 2026.

5. Represents 2,943 common shares and 5,202 unvested restricted stock units.

Remarks:

	/s/ Augustin Joo, as Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did NMIH executive Nicholas Realmuto receive in this Form 4 filing?

Nicholas Realmuto received a grant of 3,882 restricted stock units on March 15, 2026 as part of NMI Holdings’ equity incentive plan. These RSUs represent deferred share-based compensation that vests over time rather than an immediate cash payment.

How do the new restricted stock units for NMIH’s Realmuto vest over time?

The 3,882 restricted stock units granted to Realmuto vest in three equal annual installments, beginning on the first anniversary of the March 15, 2026 grant date. This structure is designed to align executive compensation with long-term company performance and retention.

Why were NMIH shares withheld from Nicholas Realmuto in this filing?

NMI Holdings withheld 3,053 common shares from Realmuto to satisfy tax withholding obligations triggered by the vesting of prior restricted stock unit grants from 2023, 2024, and 2025. This is a standard "net settlement" method rather than an open-market sale.

What is Nicholas Realmuto’s equity position in NMI Holdings (NMIH) after these transactions?

Following the March 15, 2026 transactions, Realmuto holds 2,943 common shares and 5,202 unvested restricted stock units. This mix of vested shares and unvested RSUs reflects ongoing participation in NMI Holdings’ long-term incentive program for senior management.

Does the NMIH Form 4 show any open-market buying or selling by Nicholas Realmuto?

The Form 4 does not show any open-market purchases or sales by Realmuto. It reports one RSU grant and several tax-withholding dispositions, where shares were withheld by NMI Holdings to cover taxes when earlier RSU awards vested.

What compensation plan governs the restricted stock units granted to NMIH’s Realmuto?

The restricted stock units were granted under the NMIH Amended and Restated 2014 Omnibus Incentive Plan. This plan provides equity-based awards, such as RSUs, to align key employees’ interests with shareholders through long-term share ownership.