NMI Holdings appoints Ravi Mallela as EVP & CFO, effective Jan 10, 2022

NMI Holdings, Inc.

Ravi Mallela appointed EVP & CFO effective Jan 10, 2022; replaces Adam Pollitzer who becomes President & CEO on Jan 1, 2022.
Compensation: base salary $480k, target annual bonus 100% of base, equity target 175% of base, and $30k/yr executive cash allowance.
One-time make-whole equity award $1.87M and inducement award $380k in RSUs, vesting 40% each 1st/2nd anniv, 20% 3rd anniv.
One-time make-whole cash bonus $370k (clawback if leave before 3rd anniv) and relocation bonus $50k (clawback if leave before 1st year).
Mallela previously EVP, CFO and Treasurer of First Hawaiian, Inc.; brings experience in capital management and finance leadership.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Adam Pollitzer

President and Chief Executive Officer

NMIH · NMI Holdings, Inc.

Effective: 2022-01-01
Successor: Ravi Mallela
Filed: December 21, 2021, 6:59 PM ET

Mr. Mallela will succeed Adam Pollitzer, the Company’s current Executive Vice President and Chief Financial Officer, who will become the Company’s President and Chief Executive Officer, effective January 1, 2022 , and will remain the Company’s acting Chief Financial Officer until Mr. Mallela’s start date.

Appointed

Ravi Mallela

Executive Vice President and Chief Financial Officer

NMIH · NMI Holdings, Inc.

Effective: 2022-01-10
Filed: December 21, 2021, 6:59 PM ET

On December 21, 2021, NMI Holdings, Inc. (the "Company") announced that Ravi Mallela that has been appointed Executive Vice President and Chief Financial Officer of the Company, effective January 10, 2022 (the "start date").

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Pollitzer changed role as President and Chief Executive Officer at NMI Holdings, Inc..

Action: will become
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Mallela will succeed Adam Pollitzer, the Company’s current Executive Vice President and Chief Financial Officer, who will become the Company’s President and Chief Executive Officer, effective January 1, 2022 , and will remain the Company’s acting Chief Financial Officer until Mr. Mallela’s start date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Mallela was appointed as Executive Vice President and Chief Financial Officer at NMI Holdings, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On December 21, 2021, NMI Holdings, Inc. (the "Company") announced that Ravi Mallela that has been appointed Executive Vice President and Chief Financial Officer of the Company, effective January 10, 2022 (the "start date").

View on SEC.gov

NMI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001547903-21-000188

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