Essent Group (NYSE: ESNT) director awarded 15 dividend equivalent units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Essent Group Ltd. director William Spiegel reported an acquisition of derivative-based compensation. On June 10, 2026, he received 15 dividend equivalent units at a price of $0.00 per unit, each economically equivalent to one common share.
The footnote explains these dividend equivalent rights accrued on unvested restricted stock and/or restricted stock unit awards and will vest proportionately with the underlying awards. Following this grant, Spiegel holds 15 dividend equivalent units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SPIEGEL WILLIAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend equivalent units | 15 | $0.00 | -- |
Holdings After Transaction:
Dividend equivalent units — 15 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent units granted: 15 units
Grant price per unit: $0.00
Units held after transaction: 15 units
+1 more
4 metrics
Dividend equivalent units granted
15 units
Grant on June 10, 2026
Grant price per unit
$0.00
Dividend equivalent units award
Units held after transaction
15 units
Total dividend equivalent units following grant
Underlying common shares equivalent
15 shares
Each unit equals one Essent common share economically
Key Terms
Dividend equivalent units, restricted stock award, restricted stock unit award, economic equivalent
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 award financial
"accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s)"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
restricted stock unit award financial
"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."
FAQ
What did Essent Group (ESNT) director William Spiegel report on this Form 4?
William Spiegel reported receiving 15 dividend equivalent units as a compensation-related award. These units are tied to existing unvested restricted stock or restricted stock units and carry no cash exercise price, reflecting routine equity-based compensation rather than an open-market purchase or sale.
What are dividend equivalent units in the Essent Group (ESNT) Form 4?
Dividend equivalent units are rights that mirror dividends on unvested stock or RSUs. For Essent Group, each unit is the economic equivalent of one common share and vests proportionately with the related restricted stock or restricted stock unit awards over time.
How many Essent Group (ESNT) dividend equivalent units did William Spiegel receive?
William Spiegel received 15 dividend equivalent units. Each unit is economically equivalent to one Essent Group common share and accrued on his unvested restricted stock and/or restricted stock unit awards, vesting in step with those underlying equity awards according to their original schedules.
Was there any cash consideration in William Spiegel’s Essent Group (ESNT) transaction?
No cash changed hands in this transaction. The 15 dividend equivalent units were granted at a reported price of $0.00 per unit, reflecting a non-cash equity compensation accrual tied to existing unvested restricted stock or restricted stock unit awards already in place.
Does the Essent Group (ESNT) Form 4 show an open‑market buy or sell by William Spiegel?
The Form 4 does not show any open‑market buy or sell by William Spiegel. It reports a grant of 15 dividend equivalent units as compensation, classified as an acquisition under transaction code A, rather than a purchase or sale in the public market.