Fisher David 4

What Happened
David Fisher, Executive Chairman and a director of Enova International, was granted 8,979 limited stock appreciation rights (SARs) on May 13, 2026. The Form 4 reports the award at $0.00 per share (a derivative grant rather than an open‑market purchase or sale), so there was no cash exchanged at grant.

Key Details

• Transaction date: 2026-05-13 (reported on Form 4 filed 2026-05-15). Transaction code: A (award/grant). Filing appears timely.
• Amount: 8,979 SARs granted; reported price $0.00 (derivative award). No immediate proceeds.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Notable footnotes:
  • The SAR was granted in tandem with an employee stock option; exercising one cancels the other (F1).
  • The SAR is exercisable only in a limited window beginning the day after a defined "Change in Control" and ending 30 days after that date; payout is tied to an "Offer Value Per Share" and is payable only if an "Offer" (as defined) is made (F1, F2).
  • The related options vest in roughly equal one‑third installments on May 13 of 2027, 2028 and 2029, conditional on continued service (F3).

Context
SARs are derivative awards that do not convey stock or cash until vested and exercised under the plan terms; in this case, payout depends on a qualifying change‑in‑control/offer scenario rather than typical time‑based exercise. This grant is a compensation event and not an open‑market buy or sell, so it should not be read as an immediate bullish or bearish trade by the insider.