Bhasin Vijay 4
4 · Essent Group Ltd. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Essent (ESNT) SVP Vijay Bhasin Receives Restricted Share Awards
What Happened
Vijay Bhasin, SVP and Chief Risk Officer of Essent Group Ltd. (ESNT), was granted restricted equity on Feb 11, 2026: 13,739 restricted shares at $65.51 each (value $900,042) and 6,870 restricted share units (RSUs) at $65.51 each (value $450,054). On the same date he surrendered 724 shares and 39 RSUs to the issuer (reported as dispositions to the issuer at $0.00), likely for tax withholding. Gross awards total 20,609 shares (~$1.35M); after the 763 shares surrendered, the net increase is 19,846 shares.
Key Details
- Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-13; filing appears timely).
- Grants: 13,739 restricted shares @ $65.51 = $900,042; 6,870 RSUs (derivative) @ $65.51 = $450,054.
- Dispositions to issuer: 724 shares and 39 RSUs reported at $0.00 (total 763) — commonly used to satisfy tax withholding.
- Net new shares received (gross awards minus surrendered shares): 19,846.
- Footnotes:
- Performance-based restricted shares vest based on compounded book value per share growth and relative TSR over a 3-year performance period beginning Jan 1, 2026; vesting date Mar 1, 2029.
- RSUs convert one-for-one into common shares.
- Some restricted shares may vest on a time-based schedule in equal installments on Mar 1, 2027, 2028 and 2029.
- Dividend equivalent units accrue on unvested awards and vest proportionately with those awards.
- No indication in the filing excerpt of a 10b5-1 plan or late filing.
Context
These filings reflect equity awards (A = award/grant), not open-market purchases or sales. Awards and RSUs are compensation and typically subject to vesting conditions (performance and/or time-based); surrendered shares to the issuer at $0.00 are routine for tax withholding and do not imply an open-market sale.
Insider Transaction Report
- Award
Common shares, par value $0.015
[F1]2026-02-11$65.51/sh+13,739$900,042→ 210,661 total - Disposition to Issuer
Common shares, par value $0.015
2026-02-11−724→ 209,937 total - Award
Restricted share units
[F2][F3]2026-02-11$65.51/sh+6,870$450,054→ 6,870 total→ Common shares, par value $0.015 (6,870 underlying) - Disposition to Issuer
Dividend equivalent units
[F4]2026-02-11−39→ 2,894 total→ Common shares, par value $0.015 (39 underlying)
Footnotes (4)
- [F1]Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period commencing January 1, 2026 and vesting on March 1, 2029.
- [F2]Restricted share units convert into common shares on a one-for-one basis.
- [F3]Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan subject to time-based vesting in equal installments on each of March 1, 2027, 2028 and 2029.
- [F4]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.