Enova (ENVA) General Counsel Sean Rahilly Receives Stock Awards

What Happened

• Sean Rahilly, General Counsel and Secretary of Enova International, was granted two awards on February 11, 2026: 3,174 restricted stock units (RSUs) and 2,039 derivative units (a limited stock appreciation right paired with an employee stock option). Both grants are reported at $0 acquisition price (standard for equity awards where no cash changed hands).
• The RSUs vest in four substantially equal annual installments (Feb 11, 2027; Feb 11, 2028; Feb 11, 2029; Feb 11, 2030). The paired SAR and option vest in three substantially equal annual installments (Feb 11, 2027; Feb 11, 2028; Feb 11, 2029).

Key Details

• Transaction date: 2026-02-11; Filing date: 2026-02-13 (filed within normal 2‑business‑day window).
• Awarded: 3,174 RSUs (recorded as acquisition code A) and 2,039 derivative units (A; SAR/option).
• Reported acquisition price/value: $0 (typical for employer equity grants).
• Shares/units owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: RSU vesting schedule (one-fourth yearly through 2030); SAR and option granted in tandem—exercising one cancels the other; SAR exercisable only after a Change in Control and pays an amount based on a 30‑day average “Offer Value Per Share” and only if a qualifying Offer occurs.

Context

• These are compensation awards (not open‑market purchases or sales) and therefore are routine executive equity grants used for retention/compensation rather than immediate market bets. The SAR/option structure means value to the grantee depends on a future change‑of‑control or qualifying offer; options are time‑based and subject to vesting.