Essent director granted dividend equivalent units
Essent Group Ltd. director Roy James Kasmar reported a compensation-related award of derivative units tied to company dividends.
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.
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 16 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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
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What insider transaction did Essent Group (ESNT) report for Roy James Kasmar?
What are dividend equivalent units in Essent Group (ESNT)'s Form 4 filing?
How many Essent Group (ESNT) dividend equivalent units does Roy James Kasmar hold after this transaction?
Was the Essent Group (ESNT) insider transaction an open-market stock purchase?
How do the dividend equivalent units for Essent Group (ESNT) vest for Roy James Kasmar?
AI-generated analysis. How Rhea-AI works. Not financial advice.