Gibbons Mary Lourdes 4

What Happened

• Mary Lourdes Gibbons, SVP and Chief Legal Officer of Essent Group Ltd. (ESNT), had restricted share units convert into common shares on March 1, 2026. The filing shows conversions of 3,093; 2,918; and 1,850 RSU-related units (totaling 7,861 shares) and corresponding derivative conversion entries at $0.00 per share.
• To satisfy tax withholding obligations, 14,132 shares were delivered to the issuer at $60.84 per share, for a withholding value of $859,791 (transaction code F). These were not open-market sales but share surrender/withholding tied to vesting.

Key Details

• Transaction date: March 1, 2026; SEC filing date: March 2, 2026 (timely).
• Conversions reported: 3,093; 2,918; and 1,850 shares (total 7,861) shown as derivative conversions (code M) at $0.00.
• Tax withholding: 14,132 shares surrendered at $60.84 each, totaling $859,791 (code F). Footnote confirms shares were delivered to issuer to satisfy tax withholding.
• Relevant footnotes: RSUs convert one-for-one to common shares; dividend equivalent units may vest proportionately with awards; prior RSU grants (Feb 6, 2024 and Feb 12, 2025) vest in equal installments on March 1, 2025–2027.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• This appears to be routine vesting/conversion of restricted share units and related tax withholding, not an open-market sale or discretionary sale by the insider. When RSUs vest, companies commonly withhold or collect shares to cover required taxes; such withholding doesn't necessarily signal buying or selling intent.