Essent Group (ESNT) CFO details RSU vesting, dividend units and tax shares
Rhea-AI Filing Summary
Essent Group Ltd. senior vice president and CFO David B. Weinstock reported routine equity compensation activity. On January 8, 2026, 1,004 restricted share units and 64 dividend equivalent units were converted into the same number of Essent common shares at $0 exercise price. To cover tax withholding on these vestings, 351 common shares were delivered back to Essent at $64.67 per share.
After these transactions, Weinstock directly beneficially owned 25,582 common shares, along with 69,066 restricted share units and 3,065 dividend equivalent units. The dividend equivalent units track dividends on unvested awards, and the underlying performance-based restricted shares relate to a three-year period beginning January 1, 2023 and vesting March 1, 2026.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted share units | 1,004 | $0.00 | -- |
| Exercise | Dividend equivalent units | 64 | $0.00 | -- |
| Exercise | Common shares, par value $0.015 | 1,004 | $0.00 | -- |
| Exercise | Common shares, par value $0.015 | 64 | $0.00 | -- |
| Tax Withholding | Common shares, par value $0.015 | 351 | $64.67 | $23K |
Footnotes (1)
- The dividend equivalent rights accrue 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. Represents shares delivered to issuer to satisfy tax withholding obligations upon the vesting of restricted share units and related dividend equivalent units. 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, 2023 and vesting on March 1, 2026. On January 6, 2023, the reporting person was granted 3,010 restricted share units, vesting in equal installments on each of January 8, 2024, 2025 and 2026.
FAQ
What insider activity did Essent Group (ESNT) report for its SVP & CFO?
Essent Group reported that SVP and CFO David B. Weinstock had 1,004 restricted share units and 64 dividend equivalent units convert into the same number of common shares on January 8, 2026, with some shares withheld to cover taxes.
What price was used to cover tax withholding on the Essent (ESNT) RSU vesting?
To satisfy tax withholding obligations tied to the vesting of restricted share units and related dividend equivalent units, 351 common shares were delivered to Essent at a price of $64.67 per share.
What are dividend equivalent units in this Essent (ESNT) insider filing?
The filing explains that dividend equivalent units accrue on unvested restricted stock and restricted stock units and vest in proportion to those awards. Each unit is the economic equivalent of one Essent common share.