Essent director exercises RSUs, reports share holdings
Essent Group Ltd. director Douglas J. Pauls reported equity compensation activity, not open‑market trading.
Rhea-AI Filing Summary
Essent Group Ltd. director Douglas J. Pauls reported equity compensation activity, not open‑market trading. On May 6, he received 2,443 restricted share units (RSUs), which each convert into one common share. On May 7, he exercised 2,569 RSUs and 56 dividend equivalent units, acquiring an equivalent 2,625 common shares directly.
Following these transactions, Pauls directly holds 2,625 common shares and 2,443 RSUs that remain outstanding. A separate holding entry shows he indirectly holds 30,029 common shares through the Douglas J. Pauls Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,625 shares exercised/converted
Exercise
6 txns
Insider
PAULS DOUGLAS J
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 — 30,029 shares (Indirect, By Douglas J. Pauls Revocable Trust U/A Dated Jan 30 2013)
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 granted: 2,443 units
RSUs exercised: 2,569 units
Dividend equivalent units exercised: 56 units
+3 more
6 metrics
RSUs granted
2,443 units
Restricted share units granted on May 6
RSUs exercised
2,569 units
Restricted share units converted to common shares on May 7
Dividend equivalent units exercised
56 units
Converted into common shares on May 7
Direct common shares after transactions
2,625 shares
Direct holdings following exercises
Indirect trust holdings
30,029 shares
Common shares held by revocable trust as of May 6
Outstanding RSUs after grant and exercise
2,443 units
Restricted share units remaining after May 7 exercise
Key Terms
Restricted share units, Dividend equivalent units, Grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more
5 terms
Dividend equivalent units financial
"Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd."
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Revocable Trust financial
"By Douglas J. Pauls Revocable Trust U/A Dated Jan 30 2013"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Essent Group (ESNT) director Douglas J. Pauls report?
Douglas J. Pauls reported equity compensation-related transactions, including exercising restricted share units and dividend equivalent units into 2,625 common shares, and receiving a new grant of 2,443 restricted share units. These are not open‑market stock purchases or sales.
What are dividend equivalent units in the Essent Group (ESNT) Form 4?
Dividend equivalent units are described as economic equivalents of one Essent Group common share. They accrue on unvested restricted stock or RSU awards and vest proportionately with those awards. On May 7, 56 dividend equivalent units were converted into 56 common shares.
Is the Douglas J. Pauls Revocable Trust involved in Essent Group (ESNT) insider holdings?
Yes. The Form 4 lists an indirect holding of 30,029 Essent Group common shares held by the Douglas J. Pauls Revocable Trust U/A Dated Jan 30 2013. This entry reflects shares attributed to Pauls through that trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
