Cornelis Scott 4

What Happened

• Cornelis Scott, Chief Financial Officer of Enova International, received two equity awards on February 11, 2026: 3,276 restricted stock units (RSUs) and 2,105 derivative awards (a limited stock appreciation right (SAR) granted in tandem with an employee stock option). Both grants were reported as acquisitions at $0.00 (no cash paid).

Key Details

• Transaction date: February 11, 2026; Form 4 filed Feb 13, 2026 (timely filing).
• Award amounts: 3,276 RSUs (grant) and 2,105 SAR/option units (derivative grant). Reported acquisition price: $0.00.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • RSU vesting (F1): vests in four substantially equal annual installments on Feb 11 of 2027, 2028, 2029 and 2030, contingent on continued employment.
  • SAR/option tandem (F2–F4): the SAR and option were granted together—exercising one cancels the other. The SAR can be exercised only after a "Change in Control" and only during a 30-day window following that event; payout depends on the 30-day average selling price ("Offer Value Per Share") and applies only if an "Offer" (as defined) occurs. The underlying options vest in three substantially equal annual installments on Feb 11 of 2027, 2028 and 2029.
• Filing timeliness: Transaction date Feb 11, 2026; Form 4 filed Feb 13, 2026 — within the typical two-business-day reporting window.

Context

• These are grants/awards (code A) rather than open-market purchases or sales; they represent compensation/retention incentives and do not by themselves indicate immediate buying or selling in the market.
• The SAR/option structure ties potential value to a change-in-control or qualifying offer, so any payout depends on future corporate events and vesting conditions.