Essent director awarded dividend equivalent units
Essent Group Ltd. director David C. Benson received a grant of 16 dividend equivalent units linked to unvested equity awards.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 16 | $0.00 | $0.00 |
Footnotes (1)
- F1. The dividend equivalent rights accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s) and become vested proportionately with the award(s) to which they relate. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd.
FAQ
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What insider transaction did Essent Group (ESNT) report for David C. Benson?
How many Essent Group (ESNT) dividend equivalent units does David C. Benson hold after this Form 4?
What are dividend equivalent units in the Essent Group (ESNT) Form 4 filing?
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