Form 4: Enact Holdings CEO Rohit Gupta Reports Stock Transactions
SEC Form 4 Filing
Rohit Gupta, President and CEO of Enact Holdings, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On February 18, 2025, Rohit Gupta, the President and CEO of Enact Holdings, Inc., reported transactions involving Enact Holdings common stock.
- Gupta converted 18,354 restricted stock units (RSUs) into common stock.
- The company withheld 8,021 shares of common stock to cover tax obligations related to the vesting of these RSUs.
- The price per share for tax withholding purposes was $33.6.
- Following these transactions, Gupta directly owns 282,632 shares of Enact Holdings common stock and 36,705 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of shares related to executive compensation.
- Employees holding RSUs may be interested in the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Beginning date of three equal annual installments for Restricted Stock Units vesting. |
| 02/18/2025 | Date of transaction: conversion of restricted stock units to common stock and tax withholding. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
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