Essent (NYSE: ESNT) director exercises equity awards for 2,625 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. director David C. Benson reported equity compensation activity involving restricted share units and related awards. On May 6, 2026, he received a grant of 2,443 restricted share units, each convertible into one common share. On May 7, 2026, he exercised derivative awards, converting 2,569 restricted share units and 56 dividend equivalent units into a total of 2,625 common shares of Essent Group Ltd. All transactions were classified as acquisitions or derivative exercises rather than open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,625 shares exercised/converted
Mixed
5 txns
Insider
Benson David C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 2,569 | $0.00 | -- |
| Exercise | Dividend equivalent units | 56 | $0.00 | -- |
| Exercise | Common shares, par value $0.015 | 2,569 | $0.00 | -- |
| Exercise | Common shares, par value $0.015 | 56 | $0.00 | -- |
| Grant/Award | Restricted share units | 2,443 | $0.00 | -- |
Holdings After Transaction:
Restricted share units — 2,443 shares (Direct, null);
Dividend equivalent units — 0 shares (Direct, null);
Common shares, par value $0.015 — 2,569 shares (Direct, null)
Footnotes (1)
- Restricted share units convert into common shares on a one-for-one basis. 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.
Key Figures
Shares acquired via exercises: 2,625 shares
Restricted share units exercised: 2,569 units
Dividend equivalent units exercised: 56 units
+3 more
6 metrics
Shares acquired via exercises
2,625 shares
Derivative exercises on May 7, 2026
Restricted share units exercised
2,569 units
Converted into common shares on May 7, 2026
Dividend equivalent units exercised
56 units
Converted into common shares on May 7, 2026
New RSU grant
2,443 units
Grant on May 6, 2026, one-for-one into common shares
Exercise transactions count
2 exercises
Derivative exercises in filing transaction summary
Total derivative exercise shares
2,625 shares
ExerciseShares in transaction summary
Key Terms
Restricted share units, Dividend equivalent units, derivative exercise/conversion, Grant, award, or other acquisition
4 terms
Dividend equivalent units financial
"The dividend equivalent rights accrued on unvested restricted stock award(s)... Each dividend equivalent unit is the economic equivalent of one common share"
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""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did Essent Group (ESNT) director David C. Benson report?
Director David C. Benson reported equity compensation activity, including a grant of restricted share units and the exercise of derivative awards into Essent Group Ltd. common shares. These transactions reflect compensation and award vesting mechanics rather than open‑market buying or selling of ESNT stock.
How do Essent Group (ESNT) dividend equivalent units work in this filing?
The filing states dividend equivalent rights accrue on unvested stock awards and vest proportionately with them. Each dividend equivalent unit is the economic equivalent of one Essent Group Ltd. common share, and in this case, 56 units were converted into common shares through a derivative exercise.
Were David C. Benson’s Essent Group (ESNT) transactions open‑market trades?
No. All reported transactions were coded as derivative exercises (M) or a grant (A), meaning they involve equity awards and restricted share units. The filing shows no open‑market purchases or sales; instead, it reflects compensation‑related conversions into Essent common shares.