Benson David C 4

4 · Essent Group Ltd. · Filed May 8, 2026

AI-generated summary of this filing

Updated May 9, 2026

Essent (ESNT) Director David C. Benson Exercises Derivatives, Receives RSUs

What Happened

David C. Benson, a director of Essent Group Ltd. (ESNT), had a grant of 2,443 restricted stock units (RSUs) on 2026-05-06 and on 2026-05-07 recorded exercises/conversions of derivative awards totaling 2,625 shares (2,569 + 56). The exercises/conversions are reported with $0.00 proceeds, and the RSU grant is reported as a derivative award (no cash amount shown).

Key Details

Transaction types and dates:
- 2026-05-06: Grant/award (A) — 2,443 restricted stock units (derivative; acquisition).
- 2026-05-07: Exercise/conversion (M) — 2,569 shares (acquired) and corresponding 2,569 shares (disposed) @ $0.00.
- 2026-05-07: Exercise/conversion (M) — 56 shares (acquired) and corresponding 56 shares (disposed) @ $0.00.
Aggregate exercised/conversion shares: 2,625.
Prices/values: Acquisitions listed as N/A; dispositions shown at $0.00 (total proceeds $0).
Shares owned after the transactions: Not specified in the provided excerpt.
Filing: Report filed 2026-05-08 for transactions dated 2026-05-06 and 2026-05-07 (appears timely).
Footnotes:
- F1: RSUs convert into common shares one-for-one.
- F2: Dividend equivalent rights accrue on unvested restricted awards and vest proportionately; each dividend equivalent unit equals the economic equivalent of one common share.

Context

The filing shows exercise/conversion entries paired with $0.00 dispositions, which commonly reflects a net settlement or shares being withheld/surrendered (e.g., to cover taxes) rather than an open-market sale for cash. The 2,443-item award are RSUs that convert 1-for-1 into common shares and include dividend-equivalent rights that vest with the award. This activity is recorded as derivative exercises and awards, not an open-market purchase.

Form 4

Period: 2026-05-06

Director

Transactions

Exercise/Conversion
Common shares, par value $0.015
[F1]
2026-05-07+2,569→ 2,569 total
Exercise/Conversion
Common shares, par value $0.015
[F2]
2026-05-07+56→ 2,625 total
Award
Restricted share units
[F1]
2026-05-06+2,443→ 5,012 total
Exercise: $0.00→ Common shares, par value $0.015 (2,443 underlying)
Exercise/Conversion
Restricted share units
[F1]
2026-05-07−2,569→ 2,443 total
Exercise: $0.00→ Common shares, par value $0.015 (2,569 underlying)
Exercise/Conversion
Dividend equivalent units
[F2]
2026-05-07−56→ 0 total
→ Common shares, par value $0.015 (56 underlying)

Footnotes (2)

[F1]Restricted share units convert into common shares on a one-for-one basis.
[F2]The dividend equivalent rights accrued on unvested restricted stock award(s) and/or unvested restricted stock unit award(s) and become vested proportionately with the award(s) to which they relate. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd.

Signature

/s/ David B. Weinstock, as attorney-in-fact|2026-05-08

1 file