Essent Group (ESNT) CEO Casale reports major stock and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. Chairman, CEO and President Mark Casale reported multiple equity award transactions. On February 11, 2026, he acquired 137,384 common shares and 22,898 restricted share units at $65.51 per share as grants under the 2013 Long-Term Incentive Plan. These awards are subject to performance- and time-based vesting through March 1, 2029.
On the same date, Casale disposed of 7,239 common shares and 455 dividend equivalent units to the issuer at a price of $0 per unit. After these transactions, he directly owned 2,320,839 common shares and 24,827 derivative units, plus 250,000 common shares held indirectly through the Mark A Casale Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
CASALE MARK
Role
Chairman, CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted share units | 22,898 | $65.51 | $1.50M |
| Disposition | Dividend equivalent units | 455 | $0.00 | -- |
| Grant/Award | Common shares, par value $0.015 | 137,384 | $65.51 | $9.00M |
| Disposition | Common shares, par value $0.015 | 7,239 | $0.00 | -- |
| holding | Common shares, par value $0.015 | -- | -- | -- |
Holdings After Transaction:
Restricted share units — 22,898 shares (Direct);
Dividend equivalent units — 24,827 shares (Direct);
Common shares, par value $0.015 — 2,328,078 shares (Direct);
Common shares, par value $0.015 — 250,000 shares (Indirect, By Mark A Casale Trust)
Footnotes (1)
- Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period commencing January 1, 2026 and vesting on March 1, 2029. Restricted share units convert into common shares on a one-for-one basis. Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan subject to time-based vesting in equal installments on each of March 1, 2027, 2028 and 2029. 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
What insider transactions did ESNT CEO Mark Casale report on February 11, 2026?
On February 11, 2026, Mark Casale reported equity award activity, acquiring 137,384 Essent Group common shares and 22,898 restricted share units at $65.51 per share, and disposing of 7,239 common shares and 455 dividend equivalent units back to the issuer at $0 per unit.
What equity awards did Essent Group (ESNT) grant to Mark Casale?
Essent Group granted Mark Casale 137,384 restricted common shares and 22,898 restricted share units at $65.51 per share. These awards were issued under the 2013 Long-Term Incentive Plan and are subject to performance and time-based vesting conditions over multi-year periods beginning in 2026.
What are the vesting terms for Mark Casale’s new Essent Group equity awards?
One award depends on compounded annual book value per share growth and relative total shareholder return over a three-year period starting January 1, 2026, vesting March 1, 2029. Another award vests in equal installments on March 1, 2027, 2028 and 2029, subject to time-based service conditions.
What are Essent Group (ESNT) dividend equivalent units mentioned in the Form 4?
Dividend equivalent units accrue on unvested restricted stock or restricted stock unit awards and vest proportionately with those awards. Each dividend equivalent unit is the economic equivalent of one Essent Group common share, providing dividend-like value until the underlying equity award vests or is settled.