SPIEGEL WILLIAM 4

What Happened

• William Spiegel, a director of Essent Group Ltd. (ESNT), was granted 16 derivative units (reported as an award/acquisition) on 2026-03-23. The filing reports an acquisition price of $0.00 and a total reported value of $0 (transaction coded A for award).
• This award is a derivative grant tied to unvested restricted stock/RSU awards (see footnote). It is not an open-market purchase or sale and therefore does not represent a direct buy or sell signal.

Key Details

• Transaction date and price: 2026-03-23; 16 units at $0.00 (award).
• Transaction type: A = Award / grant (derivative).
• Shares/units owned after transaction: Not specified in the provided filing.
• Footnote (F1): The units are dividend-equivalent rights that accrue on unvested restricted stock/RSU awards and vest proportionately with those awards; each dividend-equivalent unit is the economic equivalent of one common share.
• Filing timeliness: Report filed 2026-03-25 for a 2026-03-23 transaction—filed within the typical two-business-day Form 4 window.

Context

• Dividend-equivalent units are a form of compensation that track the economic value of dividends for unvested awards; they do not necessarily transfer voting rights or immediate common shares until vesting.
• Such director awards are common as compensation and should be viewed as grant/compensation activity rather than an insider expressing a buy or sell preference.