Paul Michael James Brockman - Mar 1, 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role: Chief Operating Officer
Signature: Audrey B. Taranto (By Power of Attorney)
Stock symbol: ESGR
Transactions as of: Mar 1, 2023
Transactions value $: -$226,287
Form type: 4
Date filed: 3/3/2023, 03:28 PM
Previous filing: Apr 1, 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	+3.85K	+20.58%	$0.00	22.6K	Mar 1, 2023	Direct	F1, F2
transaction	ESGR	Ordinary Shares	Tax liability	-$226K	-942	-4.17%	$240.22	21.6K	Mar 1, 2023	Direct	F2

* 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 March 20, 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 734 RSUs that vest on March 20, 2023; 805 RSUs that vest in three approximately equal annual installments beginning on March 20, 2023; 416 RSUs that vest in two equal annual installments beginning on March 30, 2023; and 8,340 RSUs that vest on July 1, 2024.

Content

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 March 20, 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.

Includes 734 RSUs that vest on March 20, 2023; 805 RSUs that vest in three approximately equal annual installments beginning on March 20, 2023; 416 RSUs that vest in two equal annual installments beginning on March 30, 2023; and 8,340 RSUs that vest on July 1, 2024.