Gibbons Mary Lourdes 4

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.