4//SEC Filing
Silvester Dominic Francis Michael 4
Accession 0001363829-25-000013
CIK 0001363829other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:17 PM ET
Size
8.7 KB
Accession
0001363829-25-000013
Insider Transaction Report
Form 4
Enstar Group LTDESGR
Silvester Dominic Francis Michael
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Ordinary Shares
2025-01-21+209,490→ 867,862 total(indirect: By Volume Five Limited) - Exercise/Conversion
Joint Share Ownership Interest
2025-01-21−209,490→ 0 totalFrom: 2025-01-21Exp: 2025-04-21→ Ordinary Shares (209,490 underlying)
Footnotes (5)
- [F1]Ordinary shares acquired as a result of the exercise of an equity compensation award (the "Award") granted to Mr. Silvester under Enstar Group Limited's ("Enstar") Joint Share Ownership Plan, a sub-plan of the Amended and Restated Enstar Group Limited 2016 Equity Incentive Plan (the "JSOP"). The terms of the Award were governed by a joint share ownership agreement dated as of January 21, 2020 and amended on July 1, 2022 (the "JSOP Agreement") between Enstar, Mr. Silvester and the trustee (the "Trustee") of the Enstar Group Limited Employee Benefit Trust (the "Trust").
- [F2]Under the terms of the JSOP Agreement, the Award became exercisable on January 21, 2025 (the "Vesting Date") upon the achievement of the following: the market price of an ordinary share of Enstar on the Vesting Date was equal to or greater than $315.53; and the performance condition based on growth in Enstar's fully diluted book value per share was satisfied.
- [F3]Volume Five Limited is an England and Wales private limited company that is wholly owned by Mr. Silvester.
- [F4]The Joint Share Ownership Interest relates to the Award granted to Mr. Silvester under the JSOP.
- [F5]By virtue of exercising the Award, Mr. Silvester no longer has any interest in the balance of the ordinary shares that were held in the JSOP.
Documents
Issuer
Enstar Group LTD
CIK 0001363829
Entity typeother
Related Parties
1- filerCIK 0001387738
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:17 PM ET
- Size
- 8.7 KB