Essent Group Ltd. (ESNT) awards CFO new restricted share units
Rhea-AI Filing Summary
Essent Group Ltd. SVP and CFO David B. Weinstock reported new equity awards in the form of restricted share units on February 11, 2026. He acquired 15,265 performance-based restricted share units and 7,633 time-based restricted share units at a reference price of $65.51 per unit, each convertible into one common share.
The performance-based units may be earned based on compounded annual book value per share growth and relative total shareholder return over a three-year period beginning January 1, 2026, and are scheduled to vest on March 1, 2029. The time-based units vest in equal installments on March 1 of 2027, 2028, and 2029. Weinstock also disposed of 342 restricted share units and 11 dividend equivalent units to the issuer at no cost, leaving 91,622 restricted share units and 3,054 dividend equivalent units beneficially owned directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted share units | 15,265 | $65.51 | $1.00M |
| Grant/Award | Restricted share units | 7,633 | $65.51 | $500K |
| Disposition | Restricted share units | 342 | $0.00 | -- |
| Disposition | Dividend equivalent units | 11 | $0.00 | -- |
Footnotes (1)
- Restricted share units convert into common shares on a one-for-one basis. Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period commencing January 1, 2026 and vesting on March 1, 2029. Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan subject to time-based vesting in equal installments on each of March 1, 2027, 2028 and 2029. 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.