Essent director exercises RSUs, gets new stock grant
Essent Group Ltd. director Roy J. Kasmar reported equity compensation activity, not open‑market trading.
Rhea-AI Filing Summary
Essent Group Ltd. director Roy J. Kasmar reported equity compensation activity, not open‑market trading. On May 7, 2026, he exercised 2,569 restricted share units and 56 dividend equivalent units into the same number of common shares at a stated price of $0.00 per share.
He also received a new grant of 2,443 restricted share units, which convert into common shares on a one‑for‑one basis. Following these transactions, he held 2,625 common shares directly and 23,573 common shares indirectly through the Roy J. Kasmar Living Trust, along with 2,443 restricted share units outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,625 shares exercised/converted
Exercise
6 txns
Insider
KASMAR ROY JAMES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 2,569 | $0.00 | $0.00 |
| Exercise | Dividend equivalent units | 56 | $0.00 | $0.00 |
| Exercise | Common shares, par value $0.015 | 2,569 | $0.00 | $0.00 |
| Exercise | Common shares, par value $0.015 | 56 | $0.00 | $0.00 |
| Grant/Award | Restricted share units | 2,443 | $0.00 | $0.00 |
| holding | Common shares, par value $0.015 | -- | -- | -- |
Holdings After Transaction:
Restricted share units — 2,443 contracts (Direct);
Dividend equivalent units — 0 contracts (Direct);
Common shares, par value $0.015 — 2,625 shares (Direct);
Common shares, par value $0.015 — 23,573 shares (Indirect, By Roy J. Kasmar Living Trust U/A DTD 07/31/1990)
Footnotes (2)
- F1. Restricted share units convert into common shares on a one-for-one basis.
- F2. 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
RSUs exercised: 2,569 units
Dividend equivalent units exercised: 56 units
New RSU grant: 2,443 units
+3 more
6 metrics
RSUs exercised
2,569 units
Restricted share units converted to common shares on May 7, 2026
Dividend equivalent units exercised
56 units
Dividend equivalent units converted to common shares on May 7, 2026
New RSU grant
2,443 units
Restricted share units granted on May 6, 2026
Direct common shares after transactions
2,625 shares
Direct holdings of Essent common shares following exercises
Indirect common shares in trust
23,573 shares
Held by Roy J. Kasmar Living Trust as of May 6, 2026
RSUs outstanding after grant and exercise
2,443 units
Restricted share units remaining following May 7, 2026 transactions
Key Terms
Restricted share units, Dividend equivalent units, Derivative security, Living Trust
4 terms
Dividend equivalent units financial
"The dividend equivalent rights accrued on unvested restricted stock award(s)... Each dividend equivalent unit is the economic equivalent of one common share"
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.
Derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Living Trust financial
"nature_of_ownership": "By Roy J. Kasmar Living Trust U/A DTD 07/31/1990""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Essent Group (ESNT) director Roy J. Kasmar report in this Form 4?
He reported equity compensation activity, not open‑market trading. Kasmar exercised restricted share units and dividend equivalent units into common shares and received a new grant of restricted share units, all at a stated price of $0.00 per unit.
What new equity award did Roy J. Kasmar receive from Essent Group (ESNT)?
He received a grant of 2,443 restricted share units. According to the disclosure, these restricted share units convert into common shares on a one‑for‑one basis, providing future stock-based compensation tied to Essent Group’s common shares.
What are Essent Group (ESNT) dividend equivalent units in this filing?
The filing states dividend equivalent rights accrued on unvested awards and vested proportionately. Each dividend equivalent unit is the economic equivalent of one Essent Group common share, and 56 units were exercised into common shares in this report.
Were there any open‑market buys or sells of Essent Group (ESNT) stock in this Form 4?
No open‑market buys or sells were reported. All transactions involved option-like equity compensation: exercises of restricted share units and dividend equivalent units, plus a new restricted share unit grant, each recorded with a $0.00 transaction price per unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
