Gibbons Mary Lourdes 4
4 · Essent Group Ltd. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Essent (ESNT) SVP & CLO Mary Gibbons Receives $1.5M in Equity Awards
What Happened
Mary Lourdes Gibbons, Senior Vice President and Chief Legal Officer of Essent Group Ltd. (ESNT), was granted equity awards on February 11, 2026 totaling 22,898 units (aggregate value ≈ $1,500,048). That includes a grant of 15,265 restricted shares valued at $65.51 each ($1,000,010) and a grant of 7,633 restricted share units/derivative awards valued at $65.51 each ($500,038). The filing also shows two small dispositions to the issuer totaling 851 shares (804 and 47 shares) at $0.00 each.
Key Details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
- Grants: 15,265 restricted shares @ $65.51 = $1,000,010; 7,633 restricted share units/derivative @ $65.51 = $500,038.
- Dispositions: 804 shares and 47 shares to the issuer at $0.00 (total 851 shares) — listed as dispositions to issuer.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes from the filing:
- F1: Some awarded restricted shares are performance-based (three‑year performance period beginning Jan 1, 2026; vesting March 1, 2029).
- F2: Restricted share units convert to common shares on a one-for-one basis.
- F3: Some restricted shares are time‑based and vest in equal installments March 1, 2027, 2028 and 2029.
- F4: Dividend equivalent rights accrue on unvested awards and vest proportionately with the related awards.
Context
- These are awards/grants (insider code “A”), not open‑market purchases or option exercises; awards are common compensation and are generally less informative about immediate insider sentiment than share purchases.
- The $0 dispositions to the issuer commonly represent share surrender/forfeiture or withholding to cover taxes on awards, but the filing excerpt does not state the specific purpose.
- Vesting schedules and performance conditions (see footnotes) determine when the awards convert to freely tradable shares.
Insider Transaction Report
Form 4
Gibbons Mary Lourdes
SVP and Chief Legal Officer
Transactions
- Award
Common shares, par value $0.015
[F1]2026-02-11$65.51/sh+15,265$1,000,010→ 253,161 total - Disposition to Issuer
Common shares, par value $0.015
2026-02-11−804→ 252,357 total - Award
Restricted share units
[F2][F3]2026-02-11$65.51/sh+7,633$500,038→ 22,578 total→ Common shares, par value $0.015 (7,633 underlying) - Disposition to Issuer
Dividend equivalent units
[F4]2026-02-11−47→ 3,212 total→ Common shares, par value $0.015 (47 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.
Signature
/s/ David B. Weinstock, as attorney-in-fact|2026-02-13