Form 4: Essent Group Director Douglas J. Pauls Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Douglas J. Pauls reports transactions involving Essent Group Ltd. common shares and restricted share units.
Summary
- On May 1, 2024, Douglas J. Pauls disposed of 3,037 common shares at $0 and acquired 3,037 shares indirectly through a revocable trust.
- On May 3, 2024, Pauls exercised 2,993 restricted share units and 61 dividend equivalent units, converting them into common shares.
- Following these transactions, Pauls directly owns 2,999 common shares and indirectly owns 29,612 shares through a trust.
- Pauls also directly owns 2,800 restricted share units and 0 dividend equivalent units.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| Jan 30 2013 | Date of Douglas J. Pauls Revocable Trust U/A |
| 05/01/2024 | Disposal and acquisition of common shares; grant of restricted share units |
| 05/03/2024 | Exercise of restricted share units and dividend equivalent units |
| 05/03/2024 | Date of report signature |
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