Seema Thaper - 01 Mar 2023 Form 4 Insider Report for Enstar Group LTD (ESGR)

Role: Chief Risk Officer
Signature: /s/ Audrey B. Taranto by power of attorney
Issuer symbol: ESGR
Transactions as of: 01 Mar 2023
Net transactions value: -$44,200
Form type: 4
Filing time: 03 Mar 2023, 15:26:44 UTC
Previous filing: 16 May 2022
Next filing: 22 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESGR	Ordinary Shares	Award	$0	+390	+37%	$0.000000	1,442	01 Mar 2023	Direct	F1, F2
transaction	ESGR	Ordinary Shares	Tax liability	$44,200	-184	-13%	$240.22	1,258	01 Mar 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Ordinary shares were acquired upon the certification by the Compensation Committee of the Enstar Group Limited Board of Directors of the achievement of the performance objective under performance share units ("PSUs") granted on March 20, 2020. The PSUs were scheduled to vest only if and to the extent that certain performance objectives (3-year growth in fully diluted book value per share ("BVPS") and operating return on equity ("ROE") met or exceeded specified targets. The performance objectives relating to ROE were achieved at maximum. The performance objectives relating to BVPS did not meet threshold, and no PSUs vested in respect of that portion of the award.
F2	Includes 174 restricted share units ("RSUs") that vest on March 20, 2023; 429 RSUs that vest in three approximately equal annual installments beginning on March 20, 2023; and 212 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023.

Content

Ordinary shares were acquired upon the certification by the Compensation Committee of the Enstar Group Limited Board of Directors of the achievement of the performance objective under performance share units ("PSUs") granted on March 20, 2020. The PSUs were scheduled to vest only if and to the extent that certain performance objectives (3-year growth in fully diluted book value per share ("BVPS") and operating return on equity ("ROE") met or exceeded specified targets. The performance objectives relating to ROE were achieved at maximum. The performance objectives relating to BVPS did not meet threshold, and no PSUs vested in respect of that portion of the award.

Includes 174 restricted share units ("RSUs") that vest on March 20, 2023; 429 RSUs that vest in three approximately equal annual installments beginning on March 20, 2023; and 212 RSUs that vest in two approximately equal annual installments beginning on March 30, 2023.