4//SEC Filing
Ramanathan Girish 4
Accession 0001363829-25-000064
CIK 0001363829other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 5:18 PM ET
Size
8.0 KB
Accession
0001363829-25-000064
Insider Transaction Report
Form 4
Enstar Group LTDESGR
Ramanathan Girish
Chief Accounting Officer
Transactions
- Tax Payment
Ordinary Shares
2025-03-20$332.00/sh−177$58,764→ 1,861 total - Award
Ordinary Shares
2025-03-20+753→ 2,038 total
Footnotes (3)
- [F1]Represents a grant pursuant to the Enstar Group Limited Amended and Restated 2016 Equity Incentive Plan of Restricted Share Units ("RSUs"). Each RSU is the economic equivalent of one ordinary share. The RSUs vest in three approximately equal annual installments beginning on the first anniversary of the grant date and are payable in ordinary shares upon vesting (except as specified otherwise in Footnote 2).
- [F2]At the Third Effective Time (as defined in the Agreement and Plan of Merger, dated as of July 29, 2024, by and among Elk Bidco Limited, Enstar Group Limited and the other parties thereto), the RSUs convert into an award (the "Cash Award") equal to (a) $338 multiplied by (b) the number of unvested RSUs subject to the award, which will vest as follows: (i) if the Third Effective Time occurs prior to the first anniversary of the grant date, the Cash Award will vest in three equal annual installments; (ii) if the Third Effective Time occurs on or after the first anniversary of the grant date and prior to the second anniversary of the grant date, the Cash Award will vest in two equal annual installments; and (iii) if the Third Effective Time occurs on or after the second anniversary of the grant date and prior to the third anniversary of the grant date, the Cash Award will vest in a single installment on the third anniversary of the grant date.
- [F3]Includes 331 RSUs that vest on March 20, 2026; 189 RSUs that vest in two approximately equal annual installments beginning on March 20, 2026; and 753 RSUs that vest in three equal annual installments beginning on March 20, 2026 (except as specified otherwise in Footnote 2).
Documents
Issuer
Enstar Group LTD
CIK 0001363829
Entity typeother
Related Parties
1- filerCIK 0001988632
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 5:18 PM ET
- Size
- 8.0 KB