WEINSTOCK DAVID B 4
Research Summary
AI-generated summary
Essent Group (ESNT) CFO David Weinstock Sells 5,500 Shares
What Happened
David B. Weinstock, Senior Vice President and Chief Financial Officer of Essent Group Ltd., sold 5,500 shares in open-market transactions on June 26, 2026 for a weighted average price of $63.51, generating approximately $349,305. Separately, on June 10, 2026 he was credited with 409 dividend-equivalent units (reported as a derivative award at $0 acquisition cost) tied to unvested restricted stock/unit awards.
Key Details
- Transaction types: Sale (S) of common shares; Award/Acquisition (A) of dividend-equivalent units.
- Sale date and price: Sold on 2026-06-26; weighted average price reported $63.51 (sales occurred at prices ranging $63.00–$63.53 per footnote).
- Award date: 2026-06-10 — 409 dividend-equivalent units reported as acquired at $0 (derivative units).
- Proceeds: Sale proceeds approx. $349,305.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 explains the weighted-average sale price and that multiple sale prices ranged $63.00–$63.53; F2 explains dividend-equivalent units accrue on unvested awards and vest proportionately and are each economically equivalent to one common share.
- Filing/timeliness: Form 4 filed with accession 0001193202-26-000010 on 2026-06-30; the filing reports the June 10 award and June 26 sale. No late-filing indication is shown in the report.
Context
The sale was an open-market disposition (routine insider sale) and the June 10 entry reflects dividend-equivalent units tied to unvested restricted awards rather than an option exercise or cash purchase. Dividend-equivalent units are a derivative form of compensation that track the economic value of shares and vest according to the underlying awards.