Essent Group Ltd.·4

Feb 13, 4:23 PM ET

WEINSTOCK DAVID B 4

4 · Essent Group Ltd. · Filed Feb 13, 2026

Research Summary

AI-generated summary of this filing

Updated

Essent CFO David Weinstock Receives $1.5M in RSU Awards

What Happened

  • David B. Weinstock, SVP and CFO of Essent Group Ltd. (ESNT), was granted a total of 22,898 restricted share units (RSUs) on 2026-02-11. The awards are shown as: 15,265 RSUs at $65.51 each (value $1,000,010) and 7,633 RSUs at $65.51 each (value $500,038), for a combined grant value of $1,500,048. The filing also shows dispositions to the issuer of 342 and 11 shares (353 shares total) at $0.00, which commonly reflect shares withheld to satisfy tax withholding on the award.

Key Details

  • Transaction date: 2026-02-11; filing date: 2026-02-13 (appears timely for a Form 4).
  • Grant prices recorded at $65.51 per share; total award value ≈ $1.5M.
  • Dispositions to issuer: 342 shares and 11 shares at $0.00 (353 shares total), commonly used to cover withholding/taxes.
  • Shares owned after transaction: not reported in this Form 4.
  • Footnotes from the filing:
    • F1: RSUs convert into common shares on a 1-for-1 basis.
    • F2: One award is performance-based under the 2013 Long-Term Incentive Plan (vesting depends on compounded annual book value per share growth and relative TSR over a three-year performance period beginning 1/1/2026; vesting on 3/1/2029).
    • F3: Another award is time‑based RSUs under the 2013 LTIP, vesting in equal installments on 3/1/2027, 3/1/2028 and 3/1/2029.
    • F4: Dividend equivalent rights accrue on unvested awards and vest proportionately; each unit equals the economic equivalent of one common share.

Context

  • These transactions are awards (not open-market purchases or sales). RSU grants are compensation and do not by themselves signal buying or selling in the market; they vest over time or upon meeting performance conditions. The zero-dollar dispositions reported to the issuer are typical mechanics to satisfy tax withholding obligations when awards are issued.

Insider Transaction Report

Form 4
Period: 2026-02-11
Transactions
  • Award

    Restricted share units

    [F1][F2]
    2026-02-11$65.51/sh+15,265$1,000,01084,331 total
    Common shares, par value $0.015 (15,265 underlying)
  • Award

    Restricted share units

    [F1][F3]
    2026-02-11$65.51/sh+7,633$500,03891,964 total
    Common shares, par value $0.015 (7,633 underlying)
  • Disposition to Issuer

    Restricted share units

    [F1]
    2026-02-1134291,622 total
    Common shares, par value $0.015 (342 underlying)
  • Disposition to Issuer

    Dividend equivalent units

    [F4]
    2026-02-11113,054 total
    Common shares, par value $0.015 (11 underlying)
Footnotes (4)
  • [F1]Restricted share units convert into common shares on a one-for-one basis.
  • [F2]Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period commencing January 1, 2026 and vesting on March 1, 2029.
  • [F3]Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan subject to time-based vesting in equal installments on each of March 1, 2027, 2028 and 2029.
  • [F4]The dividend equivalent rights accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s) and become vested proportionately with the award(s) to which they relate. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd.
Signature
/s/ David B. Weinstock|2026-02-13

Documents

1 file
  • 4
    wk-form4_1771017815.xmlPrimary

    FORM 4