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 subsequent sale of shares to cover tax obligations.
Summary
- On February 7, 2025, Rohit Gupta, the President and CEO of Enact Holdings, had 31,070 restricted stock units vest and convert into common stock.
- Gupta then sold 9,245 shares at a price of $33.91 to cover tax obligations related to the vesting.
- Following these transactions, Gupta directly owns 252,411 shares of Enact Holdings common stock and 31,060 restricted stock units.
- The restricted stock units vest in three equal annual installments beginning on February 9, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions.
Industry Context
This is a routine disclosure of insider transactions, common for executives who receive stock-based compensation.
Stakeholder Impact
- The sale of shares could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 02/09/2024 | Start date of the three equal annual installments for vesting of Restricted Stock Units |
| 02/07/2025 | Date of transaction: vesting of restricted stock units and sale of shares for tax obligations |
| 02/11/2025 | Date of signature on the Form 4 filing |
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