Bhasin Vijay 4

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.