Matthew Kirk - Mar 1, 2024 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role: Chief Financial Officer
Signature: /s/ Audrey B. Taranto by power of attorney
Stock symbol: ESGR
Transactions as of: Mar 1, 2024
Transactions value $: -$27,012
Form type: 4
Date filed: 3/5/2024, 06:51 PM
Previous filing: Apr 3, 2023
Next filing: Mar 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESGR	Ordinary Shares	Award	$0	+159	+2.08%	$0.00	7.8K	Mar 1, 2024	Direct	F1, F2
transaction	ESGR	Ordinary Shares	Tax liability	-$27K	-89	-1.14%	$303.51	7.71K	Mar 1, 2024	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 30, 2021. 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 3-year average annual operating return on equity ("ROE")) met or exceeded specified targets. The performance objectives relating to ROE were achieved above threshold and below target. The performance objectives relating to BVPS did not meet threshold, and no PSUs vested in respect of that portion of the award.
F2	Includes 290 Restricted Share Units ("RSUs") that vest in two approximately equal annual installments beginning on March 20, 2024; 566 RSUs that vest in three approximately equal annual installments beginning on March 20, 2024; 2,089 RSUs that vest on March 30, 2024; and 3,833 RSUs that vest on March 20, 2025.

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 30, 2021. 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 3-year average annual operating return on equity ("ROE")) met or exceeded specified targets. The performance objectives relating to ROE were achieved above threshold and below target. The performance objectives relating to BVPS did not meet threshold, and no PSUs vested in respect of that portion of the award.

Includes 290 Restricted Share Units ("RSUs") that vest in two approximately equal annual installments beginning on March 20, 2024; 566 RSUs that vest in three approximately equal annual installments beginning on March 20, 2024; 2,089 RSUs that vest on March 30, 2024; and 3,833 RSUs that vest on March 20, 2025.