James D. Carey - Jan 3, 2022 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role
Director
Signature
/s/ Audrey B. Taranto by power of attorney
Stock symbol
ESGR
Transactions as of
Jan 3, 2022
Transactions value $
$32,000
Form type
4
Date filed
1/5/2022, 03:38 PM
Previous filing
Oct 28, 2021
Next filing
Apr 5, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESGR Share Unit Award $32K +128 +1.81% $250.45 7.2K Jan 3, 2022 Ordinary Shares 128 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Share Unit is granted pursuant to the Enstar Group Limited Deferred Compensation and Ordinary Share Plan for Non-Employee Directors (the "Plan"). Pursuant to the Plan, each Share Unit is the economic equivalent of one ordinary share. The Share Units become payable in ordinary shares (with any fractional shares paid in cash) upon Mr. Carey's termination of service as a member of the Board of Directors of Enstar Group Limited.
F2 These Share Units and Restricted Share Units granted to Mr. Carey are held by him solely for the benefit of Stone Point Capital LLC ("Stone Point"), of which Mr. Carey is a managing director. Mr. Carey disclaims beneficial ownership of these Share Units, except to the extent of his pecuniary interest therein, if any. Stone Point may be deemed an indirect beneficial owner of these Share Units.
F3 Share Units granted as a result of the Reporting Person's election, pursuant to the Plan, to defer quarterly cash director fees.