Form 4: Essent Group Ltd. Director Allan Levine Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Allan Levine reports acquisition of dividend equivalent units related to unvested restricted stock in Essent Group Ltd.
Summary
- On June 10, 2024, Allan Levine, a director of Essent Group Ltd., reported a transaction involving dividend equivalent units.
- Levine acquired 14 dividend equivalent units, which are economically equivalent to common shares, par value $0.015.
- These units accrued on unvested restricted stock and/or restricted stock unit awards and vest proportionately with the related awards.
- Following the transaction, Levine directly owns 14 dividend equivalent units.
- The reporting was filed on June 12, 2024, by David B. Weinstock as attorney-in-fact.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any significant positive or negative implications for the company's financial health or future prospects.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves dividend equivalent units related to existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: Acquisition of dividend equivalent units. |
| 06/12/2024 | Date of filing: Form 4 filed by David B. Weinstock as attorney-in-fact. |
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