Dutt Aditya 4

What Happened

• Aditya Dutt, a director of Essent Group Ltd. (ESNT), received a grant recorded on 2026-03-23 of 16 units under transaction code A (award/grant). The Form 4 shows 16 shares acquired at $0.00 — this reflects a compensation award (derivative units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-23; Form 4 filed: 2026-03-25 (filed within the standard two-business-day window).
• Transaction type: A = Award/Grant (derivative). Quantity: 16 units at $0.00 per unit.
• Footnote (F1): These are dividend-equivalent rights tied to unvested restricted stock or restricted stock units; they vest proportionately with the underlying awards and each unit is economically equivalent to one common share.
• Shares owned after transaction: not specified in the provided filing excerpt.
• No indication of a sale or cash purchase — this is compensation, not a market trade.

Context

• Dividend-equivalent units (DEUs) are a form of deferred/contingent compensation that typically convert or pay out as the underlying restricted awards vest; they are not immediately tradable common shares.
• The grant is small (16 units) and is a routine compensation action for insiders rather than a direct trading signal.