Mary Lourdes Gibbons - Feb 6, 2024 Form 4 Insider Report for Essent Group Ltd. (ESNT)

Role
SVP and Chief Legal Officer
Signature
/s/ David B. Weinstock, as attorney-in-fact
Stock symbol
ESNT
Transactions as of
Feb 6, 2024
Transactions value $
$1,000,043
Form type
4
Date filed
2/7/2024, 08:56 PM
Previous filing
Jan 22, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESNT Common shares, par value $0.015 Award $1M +18.6K +7.49% $53.87 267K Feb 6, 2024 Direct F1
transaction ESNT Common shares, par value $0.015 Disposed to Issuer $0 -7.67K -2.88% $0.00 259K Feb 6, 2024 Direct

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 Restricted share units Award $0 +9.28K $0.00 9.28K Feb 6, 2024 Common shares, par value $0.015 9.28K Direct F2
transaction ESNT Dividend equivalent units Disposed to Issuer $0 -464 -12.74% $0.00 3.18K Feb 6, 2024 Common shares, par value $0.015 464 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares granted under the issuer's 2013 Long-Term Incentive Plan, with any shares becoming earned based upon the issuer's compounded annual book value per share growth percentage and relative total shareholder return during a three-year performance period commencing January 1, 2024 and vesting on March 1, 2027.
F2 Represents restricted share units granted under the issuer's 2013 Long-Term Incentive Plan subject to time-based vesting in equal installments on each of March 1, 2025, 2026 and 2027. Restricted share units convert into common shares on a one-for-one basis.
F3 The dividend equivalent rights accrued on unvested restricted stock award(s) and/or unvested restricted stock 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.