Fisher David 4

What Happened David Fisher, Executive Chairman and a director of Enova International, was granted two awards on February 11, 2026: 13,515 restricted stock units (RSUs) and 8,684 derivative awards recorded as acquired at $0. The RSUs are service-based and will vest in four substantially equal annual installments (Feb 11, 2027–Feb 11, 2030). The 8,684-unit derivative grant consists of a limited stock appreciation right (SAR) and a tandem employee stock option (the exercise of one cancels the other); the option portion vests in three substantially equal annual installments (Feb 11, 2027–Feb 11, 2029).

Key Details

• Transaction date: February 11, 2026; Filing date: February 13, 2026 (appears timely under Section 16 rules).
• Grant amounts and price: 13,515 RSUs @ $0; 8,684 derivative units (SAR/option) @ $0.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Vesting/terms: RSUs vest in roughly equal 1/4 installments through 2027–2030 (F1). Options vest in roughly equal 1/3 installments through 2027–2029 (F4). SAR and option granted in tandem; exercising one cancels the other (F2).
• SAR exercise/payment: SARs only exercisable after a "Change in Control" and payable only if an "Offer" (as defined) is made; payout equals (Offer Value Per Share − option exercise price) × number of shares, with Offer Value Per Share based on a 30-day average (F2–F3).

Context

• These are grants (compensation/retention awards), not open-market buys or sales; grant price of $0 is typical for RSUs and option/SAR awards and does not represent immediate cash value.
• The SAR has special payout conditions tied to a change-in-control/offer event, so it generally has value only in certain transaction scenarios.
• Such awards are common executive compensation and do not, by themselves, indicate the insider is buying or selling shares in the open market.