CASALE MARK 4

What Happened

• Mark Casale, Essent Group Ltd.'s Chairman, CEO and President, had vesting/conversion activity on 2026-03-01 and delivered shares to cover tax withholding. The filing shows an F-code disposition of 103,324 shares at $60.84 per share, totaling $6,286,232, to satisfy tax obligations. The report also records exercise/conversion (M) entries for 14,029 shares (one listed as acquired, one shown as disposed at $0.00), reflecting conversion/settlement of derivative/restricted awards.
• This activity is primarily a withholding sale to satisfy taxes on vested awards (routine), not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-02 (timely).
• Disposition (F): 103,324 shares at $60.84 each = $6,286,232 (shares delivered to issuer for tax withholding).
• Exercise/conversion (M): 14,029 shares recorded as exercised/converted (one entry acquired, one shown as disposed at $0.00).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 notes dividend-equivalent units on unvested awards vest proportionately; F2 confirms shares were delivered to issuer to satisfy tax withholding upon vesting.
• Filing timeliness: filed the day after the transaction period end — not indicated as late.

Context

• The pattern (conversion/vesting of awards combined with share delivery to cover taxes) is a common net-settlement or withholding action and typically reflects tax obligations upon vesting rather than a discretionary sale indicating a change in insider sentiment.
• The derivative entries (M) indicate exercises/conversions of award units; the F-code disposition shows the company received shares to meet withholding requirements.