John L. Spaid - 03 Mar 2026 Form 4 Insider Report for NATIONAL HEALTH INVESTORS INC (NHI)

Role: CFO/EVP Finance
Signature: /s/ Kimberly V. Ouimet, by limited power of attorney
Issuer symbol: NHI
Transactions as of: 03 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 05 Mar 2026, 16:58:39 UTC
Previous filing: 25 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Spaid John L	CFO/EVP Finance	222 ROBERT ROSE DRIVE, MURFREESBORO	/s/ Kimberly V. Ouimet, by limited power of attorney	05 Mar 2026	0001667637

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NHI	Common Stock	Award		+4,726	+9.3%	$0.000000^*	55,360	03 Mar 2026	Direct	F1
transaction	NHI	Common Stock	Tax liability		-511	-0.92%	$86.75^*	54,849	03 Mar 2026	Direct	F2
transaction	NHI	Common Stock	Options Exercise		+15,000	+27%	$73.34^*	69,849	03 Mar 2026	Direct
transaction	NHI	Common Stock	Tax liability		-13,594	-19%	$86.75^*	56,255	03 Mar 2026	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NHI	Stock Option (Right to Buy) 2025	Options Exercise		-15,000	-100%	$0.000000^*	0	03 Mar 2026	Common Stock	15,000	$73.34	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock on March 3, 2026.