Orla Gregory - 08 Dec 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role
President, Director
Signature
/s/ Audrey B. Taranto by power of attorney
Issuer symbol
ESGR
Transactions as of
08 Dec 2023
Net transactions value
-$2,747,800
Form type
4
Filing time
08 Dec 2023, 16:39:18 UTC
Previous filing
22 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESGR Ordinary Shares Options Exercise $2,955,000 +20,000 +31% $147.75 83,496 08 Dec 2023 Direct F1, F2
transaction ESGR Ordinary Shares Disposed to Issuer $5,702,800 -20,000 -24% $285.14 63,496 08 Dec 2023 Direct F1, F2

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 Cash-Settled Stock Appreciation Right Options Exercise $0 -20,000 -100% $0.000000* 0 08 Dec 2023 Ordinary Shares 20,000 $147.75 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of the Cash-Settled Stock Appreciation Rights (the "SARs") is reported as the simultaneous purchase and sale to the issuer of the number of ordinary shares for which the SARs were exercised. Pursuant to their terms, the SARs were only exercisable in cash and the reporting person did not receive any ordinary shares.
F2 Includes 13,465 Restricted Share Units that vest in three approximately equal annual installments beginning on March 20, 2024.
F3 The SARs are settled in cash, and the reporting person will not receive issuer ordinary shares upon exercise.