Form 4: Director Sheila Hooda Acquires Enact Holdings Stock Units
Statement of Changes in Beneficial Ownership
Director Sheila Hooda was granted 3,939.791 deferred stock units as part of her annual retainer fee for Enact Holdings, Inc.
Summary
- Director Sheila Hooda acquired 3,939.791 deferred stock units (DSUs) on May 13, 2026.
- The acquisition represents a portion of the director's annual retainer fee.
- The units were valued at $43.149 per share.
- Following this transaction, the director holds a total of 34,645.248 deferred stock units.
- DSUs are payable in common stock one year after the termination of service as a director.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Director alignment with shareholder interests through equity-based compensation.
- Standardized compensation practice for board members.
Negatives
- None identified.
Risks
- Value of deferred stock units is subject to future fluctuations in Enact Holdings' common stock price.
Future Outlook
The deferred stock units will convert to common stock one year after the director's service terminates.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation, common among publicly traded financial services companies to ensure board alignment with long-term equity performance.
Comparison to Industry Standards
- The use of deferred stock units for director compensation is a standard corporate governance practice in the U.S. financial sector.
- The structure aligns with typical equity-based retention programs seen at peer mortgage insurance companies.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard component of director compensation.
Next Steps
- The director will continue to hold these units until one year after the termination of her board service.
Key Dates
| Date | Description |
|---|---|
| 05/13/2026 | Date of the transaction involving the acquisition of deferred stock units. |
| 05/15/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Enact Holdings, ACT, Form 4, Insider Trading, Director Compensation, Deferred Stock Units
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