David B. Weinstock - Mar 1, 2022 Form 4 Insider Report for Essent Group Ltd. (ESNT)

Role: VP & Chief Accounting Officer
Signature: /s/ Lawrence E. McAlee, as attorney-in-fact
Stock symbol: ESNT
Transactions as of: Mar 1, 2022
Transactions value $: -$45,582
Form type: 4
Date filed: 3/3/2022, 07:03 PM
Previous filing: Feb 10, 2022
Next filing: Mar 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESNT	Common shares, par value $0.015	Options Exercise	$0	+120	+0.5%	$0.00	23.9K	Mar 1, 2022	Direct	F1
transaction	ESNT	Common shares, par value $0.015	Options Exercise	$0	+973	+4.07%	$0.00	24.9K	Mar 1, 2022	Direct
transaction	ESNT	Common shares, par value $0.015	Options Exercise	$0	+1.23K	+4.95%	$0.00	26.1K	Mar 1, 2022	Direct
transaction	ESNT	Common shares, par value $0.015	Options Exercise	$0	+1.56K	+5.96%	$0.00	27.7K	Mar 1, 2022	Direct
transaction	ESNT	Common shares, par value $0.015	Tax liability	-$45.6K	-1.07K	-3.86%	$42.64	26.6K	Mar 1, 2022	Direct	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	ESNT	Dividend equivalent units	Options Exercise	$0	-120	-50%	$0.00	120	Mar 1, 2022	Common shares, par value $0.015	120		Direct	F1
transaction	ESNT	Restricted share units	Options Exercise	$0	-973	-9.92%	$0.00	8.84K	Mar 1, 2022	Common shares, par value $0.015	973		Direct	F3, F4
transaction	ESNT	Restricted share units	Options Exercise	$0	-1.23K	-13.94%	$0.00	7.6K	Mar 1, 2022	Common shares, par value $0.015	1.23K		Direct	F3, F5
transaction	ESNT	Restricted share units	Options Exercise	$0	-1.56K	-20.48%	$0.00	6.05K	Mar 1, 2022	Common shares, par value $0.015	1.56K		Direct	F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The dividend equivalent rights accrued on unvested restricted share award(s) and/or unvested restricted share unit award(s) and become vested proportionately with the award(s) to which they relate. Each dividend equivalent unit is the economic equivalent of one common share of Essent Group Ltd.
F2	Represents shares delivered to issuer to satisfy tax withholding obligations upon the vesting of restricted share units and related dividend equivalent units.
F3	Restricted share units convert into common shares on a one-for-one basis.
F4	On February 5, 2021, the reporting person was granted 2,921 restricted share units, vesting in equal installments on each of March 1, 2022, 2023 and 2024.
F5	On February 12, 2020, the reporting person was granted 3,697 restricted share units, vesting in equal installments on each of March 1, 2021, 2022 and 2023.
F6	On February 6, 2019, the reporting person was granted 4,663 restricted share units, vesting in equal installments on each of March 1, 2020, 2021 and 2022.