Dutt Aditya 4
Research Summary
AI-generated summary
Essent (ESNT) Director Aditya Dutt Exercises and Sells Shares
What Happened
Aditya Dutt, a director of Essent Group Ltd. (ESNT), converted/exercised derivative awards into 2,625 common shares (2,569 + 56) on 2026-05-07 and the same 2,625 shares were disposed (sold) that day. He also received a grant/award of 2,443 restricted share units (RSUs) on 2026-05-06. The Form 4 reports $0.00 for the exercise/conversion price and $0.00 for the disposition in the filing entries (no cash values for sale proceeds are disclosed in the provided data).
Key Details
- Transaction dates: RSU award on 2026-05-06; conversion/exercise and same-day disposition on 2026-05-07. Form 4 filed 2026-05-08.
- Shares converted/exercised and sold: 2,625 shares (2,569 + 56) on 5/7.
- Award received: 2,443 RSUs on 5/6.
- Prices/totals: filing lists $0.00 for exercise/conversion and for the disposals; no sale proceeds or market prices provided in the supplied data.
- Shares owned after the transactions: not specified in the provided summary.
- Filing timeliness: Form 4 was filed on 2026-05-08 for transactions on 5/06–5/07 (file appears to be timely).
Context
- The 2,443 award appears to be RSUs; per filing footnote these convert one-for-one into common shares when vested, and accrued dividend equivalents vest proportionately.
- The conversion/exercise followed by same-day disposition is consistent with a cashless/net settlement or immediate sale of converted shares; the filing shows the conversion and the disposals as separate entries.
- These entries are factual disclosures of insider activity and do not by themselves indicate the insider’s view of the company’s prospects.