Rahilly Sean 4

What Happened

Sean Rahilly, General Counsel and Secretary of Enova International (ENVA), received an award on 2026-05-13 covering 2,108 shares in the form of a limited stock appreciation right (SAR) paired with an employee stock option. The reported grant price is $0.00 and the transaction is classified as a derivative award (no immediate cash or sale). The SAR/option package was disclosed in a Form 4 filed on 2026-05-15.

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (appears timely).
• Award: 2,108 shares (derivative grant); reported price $0.00 (no immediate cash value).
• Shares owned after transaction: not specified in this filing.
• Footnote: the SAR and option were granted in tandem — exercising one cancels the other.
• SAR exercise conditions: exercisable only after a "Change in Control" and only within 30 days after that event; payout equals (Offer Value Per Share − exercise price) × number of shares and is payable only if an "Offer" (as defined) is made.
• Option vesting: options vest in roughly equal one‑third tranches on May 13 of 2027, 2028 and 2029, contingent on continued service.

Context

This was an award of a derivative instrument, not a purchase or sale of stock. SARs do not convey immediate ownership or cash unless specified trigger events occur (here, a qualifying change‑in‑control and offer). Such grants are typically part of executive compensation and do not by themselves indicate insider buying or selling of shares.