Essent Group (NYSE: ESNT) director Aditya Dutt awarded dividend equivalent units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dutt Aditya reported acquisition or exercise transactions in this Form 4 filing.
Essent Group Ltd. director Aditya Dutt reported a compensation-related grant of 16 dividend equivalent units on common shares, par value $0.015. These units accrued on unvested restricted stock or restricted stock units and are the economic equivalent of Essent common shares. Following this grant, Dutt holds 56 dividend equivalent units directly, which will vest proportionately with the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dutt Aditya
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 did Essent Group Ltd. (ESNT) director Aditya Dutt report in this Form 4?
Aditya Dutt reported receiving 16 dividend equivalent units tied to Essent Group Ltd. common shares. These units accrued on unvested restricted stock or restricted stock units and are part of his equity-based compensation, not an open-market share purchase or sale.
What are dividend equivalent units in the Essent Group Ltd. (ESNT) Form 4?
Dividend equivalent units are awards that mirror dividends on unvested restricted stock or restricted stock units. Each unit is the economic equivalent of one Essent Group Ltd. common share and vests proportionately with the related underlying equity awards over time.
How many dividend equivalent units does Aditya Dutt hold after this Essent (ESNT) transaction?
After this transaction, Aditya Dutt holds a total of 56 dividend equivalent units. These units represent compensation linked to unvested restricted stock or restricted stock unit awards and will vest over time as the associated equity awards vest.
How do the dividend equivalent units in the Essent (ESNT) filing vest?
The dividend equivalent units vest proportionately with the restricted stock or restricted stock unit awards to which they relate. As those underlying awards vest over time, the corresponding dividend equivalent units also vest on the same schedule.