Van Denabeele Nicole 4

What Happened

• Nicole Van Denabeele, Chief Financial Officer of National Bank Holdings Corp (NBHC), received an award of 5,821 restricted common shares on March 17, 2026. The shares were granted at $0.00 (no cash consideration), so the reported transaction value is $0.
• This is a compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (filed within the standard reporting window).
• Grant: 5,821 restricted shares at $0.00 (Footnote F2: no cash paid—consideration is services rendered).
• Vesting: Shares vest ratably on April 28, 2027; April 28, 2028; and April 28, 2029, subject to continued service (Footnote F1).
• Holdings note: Filing indicates ownership figures include 10,523 restricted shares (Footnote F3). The filing does not state the total shares owned after this grant explicitly.
• Transaction type code: A = Award/Grant of restricted stock.

Context

• Restricted stock awards are a form of compensation tied to continued employment and vesting schedules; they do not represent an immediate cash investment by the insider nor an immediate sale of shares.
• Such grants are routine for executive compensation and should be interpreted as part of pay/retention arrangements rather than a direct bullish or bearish market signal.