Benson David C 4

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.