Matthew Kirk - Mar 1, 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Signature
/s/ Audrey B. Taranto by power of attorney
Stock symbol
ESGR
Transactions as of
Mar 1, 2023
Transactions value $
-$57,893
Form type
4
Date filed
3/3/2023, 03:27 PM
Previous filing
May 16, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESGR Ordinary Shares Award $0 +621 +9% $0.00 7.52K Mar 1, 2023 Direct F1, F2, F3
transaction ESGR Ordinary Shares Tax liability -$57.9K -241 -3.2% $240.22 7.28K Mar 1, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ordinary shares were acquired upon the certification by the Compensation Committee of the Enstar Group Limited Board of Directors of the achievement of the performance objective under performance share units ("PSUs") granted on April 15, 2020. The PSUs were scheduled to vest only if and to the extent that certain performance objectives (3-year growth in fully diluted book value per share ("BVPS") and operating return on equity ("ROE") met or exceeded specified targets. The performance objectives relating to ROE were achieved at maximum. The performance objectives relating to BVPS did not meet threshold, and no PSUs vested in respect of that portion of the award.
F2 Includes 150 restricted share units ("RSUs") that vest on March 20, 2023; 434 RSUs that vest in three approximately equal annual installments beginning on March 20, 2023; 173 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023; 2,002 RSUs that vest on March 30, 2024; and 3,833 RSUs that vest on March 20, 2025.
F3 The Form 3 filed by the reporting person on May 16, 2022 inadvertently understated the number of ordinary shares owned by 2 shares on account of an administrative error and not any error of the reporting person.