Benson David C 4
Research Summary
AI-generated summary
Essent (ESNT) Director David C. Benson Receives Award (16 shares)
What Happened
David C. Benson, a director of Essent Group Ltd. (ESNT), received an award of 16 dividend-equivalent units tied to unvested restricted stock/RSU awards on 2026-03-23. The Form 4 reports the acquisition as 16 shares at $0.00 (transaction code A — award/grant), so the filing records no cash purchase.
Key Details
- Transaction date: 2026-03-23; Form 4 filed: 2026-03-25 (timely filing).
- Transaction type/code: Award/Grant (A) of 16 derivative units; reported price $0.00 and total reported value $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: dividend equivalent rights accrued on unvested restricted stock/RSU awards vest proportionately with those awards; each dividend equivalent unit is the economic equivalent of one common share.
- No 10b5-1 plan, tax-withholding, or sale reported in this filing.
Context
This award represents compensation (dividend-equivalent units tied to unvested RSUs) rather than an open-market purchase or sale. These units typically vest per the underlying award schedule and are not an immediate sale or cash transaction.