Form 4: Essent Group Ltd. SVP and CFO David Weinstock Reports Changes in Beneficial Ownership
SEC Form 4 Filing
David Weinstock, SVP and CFO of Essent Group Ltd., filed a Form 4 disclosing transactions involving common shares and restricted share units on March 1, 2025.
Summary
- On March 1, 2025, David Weinstock, the SVP and CFO of Essent Group Ltd., reported changes in his beneficial ownership of the company's securities.
- The transactions involved the vesting of restricted share units and dividend equivalent units, as well as the delivery of shares to the issuer to satisfy tax withholding obligations.
- Weinstock acquired common shares through the vesting of restricted share units and dividend equivalent units.
- He also disposed of shares to cover tax obligations related to the vesting of these units.
- Following these transactions, Weinstock directly owns 29,865 common shares and 70,070 restricted share units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Reporting person was granted 1,433 restricted share units, vesting in equal installments on each of March 1, 2023, 2024 and 2025. |
| 02/07/2023 | Reporting person was granted 3,118 restricted share units, vesting in equal installments on each of March 1, 2024, 2025 and 2026. |
| 03/14/2023 | Reporting person was granted 4,890 restricted share units, vesting in equal installments on each of March 1, 2024, 2025 and 2026. |
| 02/06/2024 | Reporting person was granted 5,569 restricted share units, vesting in equal installments on each of March 1, 2025, 2026 and 2027. |
| 03/01/2025 | Date of transactions involving common shares and restricted share units. |
| 03/04/2025 | Date of Form 4 filing. |
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