Welcome to our dedicated page for NMI Holdings SEC filings (Ticker: NMIH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NMI Holdings, Inc. files regulatory disclosures covering the parent company of National Mortgage Insurance Corporation and its private mortgage insurance business. Recent Form 8-K reports furnish results of operations and financial condition through earnings releases, while proxy materials address governance, executive compensation and pay-versus-performance disclosures. Other current reports document board expansion, independent-director appointments, committee service, director compensation arrangements, equity awards, indemnification agreements and stock ownership guidelines.
NMI Holdings, Inc. executive Aurora Swithenbank, EVP and Chief Financial Officer, reported equity compensation and related tax-withholding transactions in company stock. On February 11, 2026, she received a grant of 14,784 restricted stock units under the NMIH Amended and Restated 2014 Omnibus Incentive Plan, vesting 40% on each of the first two anniversaries of the grant date and 20% on the third anniversary.
To cover withholding taxes tied to previously granted restricted stock units, the company withheld 9,117 common shares on May 1, 2025, 2,916 common shares on May 8, 2025, and 3,363 common shares on February 12, 2026, each at a net settlement price equal to the applicable closing stock price. After these transactions, the filing states she beneficially owns 14,629 common shares and 59,824 unvested restricted stock units.
NMI Holdings EVP Yousaf Mohammad Nawaz reported equity compensation and related tax-withholding transactions. On February 11, 2026, he acquired 9,164 restricted stock units (RSUs) under the NMIH Amended and Restated 2014 Omnibus Incentive Plan, vesting 40% on each of the first two anniversaries and 20% on the third.
Also on February 11, 2026, performance criteria for PRSUs granted on February 8, 2023 were certified, resulting in the issuance of 27,212 common shares. To cover tax withholding tied to these vestings, 10,708 common shares were disposed of on February 11, 2026 and 1,595 common shares on February 12, 2026 through tax-withholding dispositions. After these transactions, he beneficially owned 54,733 common shares, consisting of 37,213 common shares and 17,520 unvested RSUs.
SHUSTER BRADLEY M reported multiple insider transaction types in a Form 4 filing for NMIH. The filing lists transactions totaling 29,358 shares. Following the reported transactions, holdings were 415,411 shares.
Smith Robert Owen reported multiple insider transaction types in a Form 4 filing for NMIH. The filing lists transactions totaling 74,378 shares. Following the reported transactions, holdings were 108,381 shares.
Fitzgerald Norman Peter reported multiple insider transaction types in a Form 4 filing for NMIH. The filing lists transactions totaling 51,269 shares. Following the reported transactions, holdings were 54,945 shares.
NMI Holdings CEO Adam Pollitzer reported equity award grants and related tax-withholding share dispositions. On February 11, 2026, he received 63,538 restricted stock units under the NMIH Amended and Restated 2014 Omnibus Incentive Plan that vest 40% on each of the first two anniversaries and 20% on the third.
Performance criteria for a prior February 8, 2023 performance-based RSU grant were certified as met on February 11, 2026, resulting in 184,664 common shares being issued. To cover withholding taxes, the company withheld 93,958 shares on February 11, 2026 and 14,674 shares on February 12, 2026, both reported as tax-withholding dispositions. Following these transactions, Pollitzer held 319,919 common shares and 123,054 unvested restricted stock units.
NMI Holdings, Inc. reported equity compensation activity for Chief Administrative Officer and General Counsel William J. Leatherberry. On February 11, 2026, he acquired 18,233 restricted stock units under the NMIH Amended and Restated 2014 Omnibus Incentive Plan, which vest 40% on each of the first two anniversaries of the grant date and 20% on the third.
Performance-based restricted stock units granted on February 8, 2023 vested after performance criteria were certified, resulting in 50,496 common shares being issued on February 11, 2026. To cover tax withholding related to these and other vesting RSUs, 25,693 shares were withheld on February 11, 2026 and 4,005 shares on February 12, 2026 through tax-withholding dispositions. After these transactions, he directly held 164,234 common shares and 34,433 unvested restricted stock units.
NMI Holdings, Inc. filed an 8-K announcing that its Board of Directors expanded to ten members and appointed Renu Agrawal as an independent director, effective February 12, 2026. She will serve on the company’s Audit Committee and Risk Committee.
Under the standard non-employee director compensation program, Ms. Agrawal will receive an annual cash retainer of $120,000 for 2026 (prorated) and an annual equity retainer of $170,000 in restricted stock units vesting after one year. She will also receive an additional RSU grant with a grant date fair value of $170,000, vesting in equal installments on the second and third anniversaries of the grant date, and is subject to stock ownership guidelines requiring total share value of at least five times her annual cash retainer.
NMI Holdings, Inc. files its annual report describing a growing, technology-driven private mortgage insurance business. Through subsidiaries NMIC, Re One and NMIS, it insures high loan-to-value U.S. residential mortgages and provides loan review services.
As of December 31, 2025, the company had issued master policies with 2,193 customers and reported $221.4 billion of primary insurance-in-force and $59.3 billion of primary risk-in-force, with $48.9 billion of new insurance written for the year. It employed 225 people and used its proprietary Rate GPS® platform and AXIS system to price and manage risk.
NMI highlights extensive use of quota-share, excess-of-loss and insurance-linked note reinsurance, and states that its PMIERs available assets exceeded GSE-required assets by 70% as of December 31, 2025. The filing also notes significant regulation by state insurance departments and the GSEs, competitive pressure from five other private MIs and government programs, and an extended IT services agreement with Tata Consultancy Services through 2032.
NMI Holdings Executive Chairman Bradley M. Shuster reported routine share withholding transactions related to restricted stock unit vesting. On February 7, 2026, NMIH withheld 6,936 common shares to cover taxes on units granted February 7, 2024. On February 8, 2026, it withheld 6,961 shares tied to units granted February 8, 2023.
Both transactions were coded as tax-withholding (code F) at a share price of $0 because they were net settlements rather than market sales. After these transactions, Shuster holds 395,895 common shares directly, which includes 358,381 common shares and 37,514 unvested restricted stock units, plus 47,150 shares held indirectly through the Shuster Family Trust.