Essent Group (NYSE: ESNT) director granted additional dividend equivalent units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. director David C. Benson received a grant of 16 dividend equivalent units linked to unvested equity awards. These units were awarded at no cash cost and increase his derivative position to 56 dividend equivalent units, each economically equivalent to one common share of Essent Group Ltd.
The dividend equivalent rights accrue on unvested restricted stock and restricted stock unit awards and vest proportionately with those underlying awards. This filing reflects a routine compensation-related acquisition rather than an open-market purchase or sale of Essent Group Ltd. common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benson David C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 16 | $0.00 | -- |
Holdings After Transaction:
Dividend equivalent units — 56 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Essent Group (ESNT) report for David C. Benson?
Essent Group reported that director David C. Benson received 16 dividend equivalent units as a compensation-related award. These units are tied to existing unvested restricted stock and restricted stock unit awards and increase his total dividend equivalent holdings to 56 units.
How many Essent Group (ESNT) dividend equivalent units does David C. Benson hold after this Form 4?
Following this transaction, David C. Benson holds 56 dividend equivalent units. Each unit is described as economically equivalent to one common share of Essent Group Ltd. and vests proportionately with the underlying equity awards to which it relates.
What are dividend equivalent units in the Essent Group (ESNT) Form 4 filing?
Dividend equivalent units are rights that accrue on unvested restricted stock and restricted stock unit awards. For Essent Group, each dividend equivalent unit is described as the economic equivalent of one common share and vests in step with the related unvested equity awards.