NATIONAL HEALTH INVESTORS INC

NHI

Form 4 • Statement of Changes in Beneficial Ownership

SEC Accession Number: 0000877860-26-000072
Filing date: Mar 5, 2026
Earliest execution date: Mar 3, 2026
Reporting Owners: Spaid John L (CFO)

Summary

Type

Sell

Net shares

-9,379

% of shares

-5.33%

Amount (USD)

$1,223,608

Insider confidence score

37.5 out of 100

Positive

  • Tax withholding obligation

Negative

  • Large tax withholding sell (≥1% of shares)
  • Very large sell amount ($1M+)

Stock transactions

Transaction 1

Security

Common Stock

Action

Grant

Date

2026-03-03

Code

A

Net shares

+4,726.0

Acquired/Disposed

Acquired

Shares Owned Before

50,633.6372

Shares Owned After

55,359.6372

Transaction 2

Security

Common Stock

Action

Tax_withhold

Date

2026-03-03

Code

F

Net shares

-511.0

Price per Share

$86.75

Amount (USD)

$44,329.25

Acquired/Disposed

Disposed

Shares Owned Before

55,359.6372

Shares Owned After

54,848.6372

Transaction 3

Security

Common Stock

Action

Exercise

Date

2026-03-03

Code

M

Net shares

+15,000.0

Price per Share

$73.34

Amount (USD)

$1,100,100.00

Acquired/Disposed

Acquired

Shares Owned Before

54,848.6372

Shares Owned After

69,848.6372

Transaction 4

Security

Common Stock

Action

Tax_withhold

Date

2026-03-03

Code

F

Net shares

-13,594.0

Price per Share

$86.75

Amount (USD)

$1,179,279.50

Acquired/Disposed

Disposed

Shares Owned Before

69,848.6372

Shares Owned After

56,254.6372

Derivative Transactions

Transaction 1

Security

Stock Option (Right to Buy) 2025

Action

Exercise

Date

2026-03-03

Code

M

Net shares

-15,000.0

Acquired/Disposed

Disposed

Shares Owned Before

15,000.0

Shares Owned After

0.0

Filing's footnotes

1. Represents a grant of restricted stock that vests in three equal annual installments on each anniversary of the grant date beginning March 3, 2027, subject to the reporting person's continued service through each vesting date.

2. Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock on March 3, 2026.

This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.