Essent Group (NYSE: ESNT) director receives 15 dividend equivalent units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KASMAR ROY JAMES reported acquisition or exercise transactions in this Form 4 filing.
Essent Group Ltd. director Roy James Kasmar received a small compensation-related award in the form of 15 dividend equivalent units on June 10, 2026. These units accrued on his unvested restricted stock and restricted stock unit awards and are economically equivalent to 15 common shares, bringing his total derivative holdings from this grant to 15 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KASMAR ROY JAMES
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 15 | $0.00 | -- |
Holdings After Transaction:
Dividend equivalent units — 15 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent units granted: 15 units
Price per unit: $0.0000
Units following transaction: 15 units
+1 more
4 metrics
Dividend equivalent units granted
15 units
Grant to director on June 10, 2026
Price per unit
$0.0000
Grant price for dividend equivalent units
Units following transaction
15 units
Total derivative units from this grant after transaction
Underlying common shares
15 shares
Each dividend equivalent unit equals one common share
Key Terms
dividend equivalent units, restricted stock unit award, economic equivalent, common shares, par value $0.015
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.
restricted stock unit award financial
"accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s)"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd."
FAQ
What insider transaction did Essent Group (ESNT) disclose for Roy James Kasmar?
Essent Group disclosed that director Roy James Kasmar received 15 dividend equivalent units as a compensation-related award. These units accrued on his unvested restricted stock and RSU awards and are economically equivalent to 15 common shares of Essent Group Ltd.
What are dividend equivalent units in the Essent Group (ESNT) Form 4 filing?
Dividend equivalent units are rights that mirror dividends on unvested equity awards. For Essent Group, each dividend equivalent unit is the economic equivalent of one common share and vests proportionately with the related restricted stock or restricted stock unit awards.
How many Essent Group (ESNT) dividend equivalent units did the director receive?
Director Roy James Kasmar received 15 dividend equivalent units. According to the filing, each unit is economically equivalent to one common share of Essent Group Ltd., so the award corresponds to the value of 15 common shares under the company’s equity program.
Was the Essent Group (ESNT) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market trade. It reflects a grant of 15 dividend equivalent units as compensation, recorded under transaction code “A” for grant or award acquisition, rather than an open-market purchase or sale of Essent Group common shares.
How do the Essent Group (ESNT) dividend equivalent units vest for the director?
The dividend equivalent units vest proportionately with the unvested restricted stock awards and restricted stock unit awards to which they relate. As those underlying awards vest over time, the associated dividend equivalent units for Essent Group director Roy James Kasmar vest on the same schedule.