NMI Holdings, Inc. appointed Renu Agrawal as an independent director to its Board of Directors, effective February 12, 2026, expanding the Board to ten members. The appointment is significant for investors as it adds a director with extensive board and executive experience in the banking and insurance industries to the company's governance structure.
Key takeaways
Renu Agrawal was appointed as an independent director of NMI Holdings, Inc., effective February 12, 2026.
The Board of Directors was expanded to ten members with this appointment.
Ms. Agrawal was appointed to serve on the Company's Audit Committee and Risk Committee.
Her annual compensation includes a $120,000 cash retainer and a $170,000 equity retainer in RSUs, with an additional $170,000 RSU grant vesting over two to three years.
Ms. Agrawal is subject to the Company's stock ownership guidelines, requiring her to hold shares worth at least five times her annual cash retainer.
She has extensive board experience, currently serving on the boards of First Interstate BancSystem, Inc. and Sunrise Produce, and previously held senior executive roles at Wells Fargo.