Essent Group (ESNT) director receives dividend equivalent unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. director Roy James Kasmar reported a compensation-related award of derivative units tied to company dividends. On the reported date, he acquired 16 dividend equivalent units at a stated price of $0.00 per unit, bringing his total to 56 such units.
These dividend equivalent rights accrue on unvested restricted stock and restricted stock unit awards and vest in step with those underlying awards. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd., giving the director additional value linked to future dividends without an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KASMAR ROY JAMES
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)
- [object Object]
FAQ
What insider transaction did Essent Group (ESNT) report for Roy James Kasmar?
Essent Group reported that director Roy James Kasmar acquired 16 dividend equivalent units. These units were granted as a compensation-related award, not through an open-market purchase, and are tied economically to Essent Group common shares and future dividend payments.
What are dividend equivalent units in Essent Group (ESNT)'s Form 4 filing?
Dividend equivalent units are rights that mirror dividends on unvested restricted stock or restricted stock units. Each unit is the economic equivalent of one Essent Group common share and vests proportionately as the underlying equity awards vest over time.
How many Essent Group (ESNT) dividend equivalent units does Roy James Kasmar hold after this transaction?
After this transaction, Roy James Kasmar holds a total of 56 dividend equivalent units. These units reflect accrued dividend rights on his unvested restricted stock and restricted stock unit awards and provide economic exposure similar to Essent Group common shares.
Was the Essent Group (ESNT) insider transaction an open-market stock purchase?
No, the transaction was not an open-market stock purchase. It was a grant of 16 dividend equivalent units awarded at a stated price of $0.00, linked to Kasmar’s existing unvested restricted stock and restricted stock unit awards at Essent Group.
How do the dividend equivalent units for Essent Group (ESNT) vest for Roy James Kasmar?
The dividend equivalent units vest proportionately with the underlying unvested restricted stock and restricted stock unit awards. As those equity awards vest over time, the related dividend equivalent rights also vest, maintaining alignment with Essent Group’s dividend payments.