NMI Holdings (NMIH) executive compensation, 2026 proxy

Adam S. Pollitzer, President and Chief Executive Officer, was paid $10.2M in 2025, up 14% from $9M the year before. The CEO-to-median-employee pay ratio was 55:1, on median employee pay of $186,455.

Filed
March 26, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
5
CEO total pay
$10.2M+14% vs prior year
CEO to median employee
55:1median $186,455
CEO pay in equity
62%$6.3M in awards
Prior say-on-pay support
94%of votes cast
CEO Target Bonus
175%Percentage of annual base salary
Median Employee Pay
$186,455Annual total compensation
Say-on-Pay Support
93.5%Prior year approval

How Pollitzer was paid

$10.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary10%Stock awards62%Non-equity incentive28%All other compensation1%

Named executive officers

ExecutiveTotal
Adam S. PollitzerPresident and Chief Executive Officer$10,209,615
Bradley M. ShusterExecutive Chairman$3,492,110
Aurora SwithenbankChief Financial Officer$2,574,439
William J. LeatherberryChief Administrative Officer, General Counsel$3,071,611
Robert SmithChief Risk Officer$2,451,503

What changed and why

  • $10.2MCEO total compensation increased to $10,209,615 in 2025 compared to $8,978,934 in 2024.
  • 93.5%Stockholders approved executive compensation with approximately 93.5% support at the prior annual meeting.
  • Long-term incentives consist of RSUs vesting over three years and PRSUs tied to cumulative book value per share goals.
  • 175%The CEO target annual bonus opportunity is set at 175% of annual base salary.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.