Essent (ESNT) Director Connor Martin Receives Restricted Awards

What Happened

• Connor Martin P., a director of Essent Group Ltd. (ESNT), was granted derivative awards (dividend-equivalent units tied to unvested restricted stock/RSU awards): 15 units on 2026-06-10 and 13 units on 2026-09-10. Each unit was reported at $0.00 (these are compensation awards, not open-market purchases or sales).
• Total units granted in this filing: 28 dividend-equivalent units. Because these are awards (not purchases or sales), they represent compensation/benefit rather than a direct cash investment by the insider.

Key Details

• Transaction dates and terms:
  • 2026-06-10 — Award of 15 units @ $0.00 (derivative)
  • 2026-09-10 — Award of 13 units @ $0.00 (derivative)
• Filing and timeliness:
  • Form 4 filed 2026-09-14 (Accession: 0001448893-26-000025).
  • The 6/10/2026 grant was reported late (reported more than two business days after the transaction). The 9/10/2026 grant was filed within the two-business-day window.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnote: Dividend equivalent rights accrued on unvested restricted stock/RSU awards and vest proportionately with those awards. Each dividend-equivalent unit is the economic equivalent of one common share.

Context

• These entries are awards/compensation (transaction code A) and should be treated as insider compensation rather than an indicator of a director buying or selling stock. Dividend-equivalent units typically convert to cash or shares as the underlying awards vest; they do not necessarily reflect a current change in market exposure until vesting/conversion.