Hiteshkumar R. Patel - Apr 3, 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role
Director
Signature
/s/ Audrey B. Taranto as power of attorney
Stock symbol
ESGR
Transactions as of
Apr 3, 2023
Transactions value $
$28,600
Form type
4
Date filed
4/5/2023, 05:28 PM
Previous filing
Jan 5, 2023
Next filing
Jul 6, 2023

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 $28.6K +123 +2.18% $232.25 5.77K Apr 3, 2023 Ordinary Shares 123 Direct F1, F2, F3
transaction ESGR Restricted Share Unit Award $0 +431 $0.00 431 Apr 3, 2023 Ordinary Shares 431 Direct F4, F5
* 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 the Reporting Person's termination of service as a member of the Board of Directors of Enstar Group Limited.
F2 Share Units granted as a result of the Reporting Person's election, pursuant to the Plan, to defer quarterly cash director fees.
F3 Includes 381.679 Share Units that vested on April 1, 2023.
F4 Each Restricted Share Unit is granted pursuant to the Plan and is the economic equivalent of one ordinary share. The Restricted Share Units vest on April 3, 2024. Vested units become payable in ordinary shares (with any fractional shares paid in cash) upon the Reporting Person's termination of service as a member of the Board of Directors of Enstar Group Limited.
F5 Restricted Share Units granted as a result of the Reporting Person's election, pursuant to the Plan, to defer the annual director retainer that would otherwise have been paid in restricted ordinary shares.