Essent SVP granted 415 dividend equivalent units
Essent Group Ltd. reported a routine equity compensation event for senior executive Mary Lourdes Gibbons, its SVP and Chief Legal Officer.
Rhea-AI Filing Summary
Essent Group Ltd. reported a routine equity compensation event for senior executive Mary Lourdes Gibbons, its SVP and Chief Legal Officer. She received an award of 415 dividend equivalent units on June 10, 2026, at a price of $0.00 per unit, classified as a grant or other acquisition.
Following this award, her direct holdings of dividend equivalent units increased to 2,197 units. According to the disclosure, these dividend equivalent rights accrue on unvested restricted stock or restricted stock unit awards and vest proportionately with those underlying awards. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 415 shares
Grant/Award
1 txn
Insider
Gibbons Mary Lourdes
Role
SVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 415 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend equivalent units — 2,197 contracts (Direct)
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.
Key Figures
Dividend equivalent units granted: 415 units
Price per dividend equivalent unit: $0.00 per unit
Total dividend equivalent units after grant: 2,197 units
+1 more
4 metrics
Dividend equivalent units granted
415 units
Grant on June 10, 2026
Price per dividend equivalent unit
$0.00 per unit
Grant/award acquisition
Total dividend equivalent units after grant
2,197 units
Direct holdings following transaction
Underlying common shares per unit
1 common share per unit
Economic equivalence stated in footnote
Key Terms
Dividend equivalent units, restricted stock unit award, economic equivalent, Grant, award, or other acquisition
4 terms
Dividend equivalent units financial
"The dividend equivalent rights accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s)"
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."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Essent Group (ESNT) report for Mary Lourdes Gibbons?
Essent Group reported that SVP and Chief Legal Officer Mary Lourdes Gibbons received 415 dividend equivalent units on June 10, 2026. These units were granted at no cost and relate to existing unvested restricted stock or restricted stock unit awards, increasing her total dividend equivalent unit holdings.
How many Essent Group (ESNT) dividend equivalent units does Mary Lourdes Gibbons hold after this Form 4?
After this transaction, Mary Lourdes Gibbons holds 2,197 dividend equivalent units directly. These units are tied to unvested restricted stock or restricted stock unit awards and vest over time proportionately with those awards, each representing the economic value of one Essent Group common share.
What are dividend equivalent units in the Essent Group (ESNT) Form 4 filing?
Dividend equivalent units are rights that accrue on unvested restricted stock or restricted stock unit awards. For Essent Group, each dividend equivalent unit is the economic equivalent of one common share and becomes vested proportionately as the related restricted awards vest, functioning as part of equity-based compensation.
Was the Essent Group (ESNT) insider transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was coded as an acquisition (grant or award) of 415 dividend equivalent units at a price of $0.00 per unit, reflecting routine equity compensation rather than an open-market trade in Essent Group shares.
What role does Mary Lourdes Gibbons hold at Essent Group (ESNT) in this Form 4?
Mary Lourdes Gibbons is identified as an officer of Essent Group, serving as Senior Vice President and Chief Legal Officer. The reported Form 4 transaction reflects equity-based compensation granted to her in the form of dividend equivalent units linked to unvested restricted equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
