Form 4: Essent Group Ltd. Executive Acquires Dividend Equivalent Units
SEC Form 4 Filing
Mary Lourdes Gibbons, SVP and Chief Legal Officer of Essent Group Ltd., reports acquisition of dividend equivalent units.
Summary
- On September 10, 2024, Mary Lourdes Gibbons, SVP and Chief Legal Officer of Essent Group Ltd., acquired 382 dividend equivalent units.
- These units are linked to unvested restricted stock awards and restricted stock unit awards.
- Each dividend equivalent unit represents the economic equivalent of one common share of Essent Group Ltd.
- Following the transaction, Gibbons directly owns 3,002 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating standard executive compensation practices.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and holdings, and is a normal part of corporate governance.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 09/11/2024 | Date of signature for the Form 4 filing |
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