Essent CFO exercises RSUs, withholds shares for tax
Essent Group Ltd. SVP and CFO David B. Weinstock exercised equity awards and had shares withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. SVP and CFO David B. Weinstock exercised equity awards and had shares withheld for taxes. On April 1, 2026, he converted 8,333 restricted share units and 527 dividend equivalent units, each on a one-for-one basis, into common shares at a $0.00 exercise price. After these exercises and a related share withholding for taxes, he directly held 40,994 common shares.
Insider Trade Summary
8,860 shares exercised/converted
Exercise
5 txns
Insider
WEINSTOCK DAVID B
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 8,333 | $0.00 | $0.00 |
| Exercise | Dividend equivalent units | 527 | $0.00 | $0.00 |
| Exercise | Common shares, par value $0.015 | 8,333 | $0.00 | $0.00 |
| Exercise | Common shares, par value $0.015 | 527 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common shares, par value $0.015 | 3,765 | $58.25 | $219K |
Holdings After Transaction:
Restricted share units — 67,573 contracts (Direct);
Dividend equivalent units — 2,180 contracts (Direct);
Common shares, par value $0.015 — 40,994 shares (Direct)
Holdings Before and After:
Restricted share units, 75,906 to 67,573 contracts (Direct);
Dividend equivalent units, 2,707 to 2,180 contracts (Direct);
Common shares, par value $0.015, 35,899 to 40,994 shares (Direct)
Footnotes (3)
- F1. Restricted share units convert into common shares on a one-for-one basis.
- F2. 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.
- F3. On March 14, 2023, the reporting person was granted 25,000 restricted share units, vesting in equal installments on each of April 1, 2026, 2027 and 2028.
Key Figures
Restricted share units exercised: 8,333 units
Dividend equivalent units exercised: 527 units
Shares withheld for taxes: 3,765 shares
+5 more
8 metrics
Restricted share units exercised
8,333 units
Converted one-for-one into common shares on April 1, 2026
Dividend equivalent units exercised
527 units
Converted into common shares on April 1, 2026
Shares withheld for taxes
3,765 shares
Withheld at $58.25 per share to cover tax liability
Tax withholding price
$58.25 per share
Price used for F-code tax-withholding disposition
Common shares held after transactions
40,994 shares
Direct holdings of common shares following April 1, 2026 events
RSU holdings after exercise
67,573 units
Restricted share units shown as held after derivative transactions
Dividend equivalent unit holdings
2,180 units
Dividend equivalent units shown as held after derivative transactions
Original RSU grant size
25,000 units
Granted March 14, 2023, vesting in equal installments 2026–2028
Key Terms
Restricted share units, Dividend equivalent units, derivative exercise/conversion, tax-withholding disposition, +1 more
5 terms
Dividend equivalent units financial
"The dividend equivalent rights accrued on unvested restricted stock award(s)..."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Essent Group (ESNT) CFO David Weinstock report in this Form 4?
Essent Group SVP and CFO David Weinstock reported exercising 8,333 restricted share units and 527 dividend equivalent units into common shares. The transactions were compensation-related and included a share withholding to satisfy tax obligations tied to the vesting event.
What are dividend equivalent units in the Essent Group (ESNT) Form 4?
Dividend equivalent units are rights that accrue on unvested restricted stock or unit awards and vest proportionately with those awards. Each dividend equivalent unit is the economic equivalent of one Essent Group common share, and 527 such units were converted into common shares in this filing.
What are the Essent Group (ESNT) CFO’s holdings after these Form 4 transactions?
Following the reported April 1, 2026 transactions, David Weinstock directly held 40,994 Essent Group common shares. He also had ongoing positions in restricted share units and dividend equivalent units, as indicated by the totals shown after the derivative exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
