Form 4: Enact Holdings Chairperson Reports Stock Gift
Statement of Changes in Beneficial Ownership
Dominic Addesso, Chairperson of Enact Holdings, gifted 9,293 deferred stock units to his spouse.
Summary
- Dominic Addesso, Chairperson of the Board at Enact Holdings, Inc., executed a gift transaction of 9,293 deferred stock units (DSUs) on June 3, 2026.
- The transaction involved transferring 9,293 DSUs from his direct ownership to his spouse, Deborah Addesso.
- Following the transaction, the reporting person maintains a direct holding of 6,720.983 DSUs.
- The reporting person retains indirect beneficial ownership of 9,293 DSUs held by his spouse, plus 24,177 DSUs held in an irrevocable trust and 20,650 DSUs held by D.J. Addesso Holdings, LLC.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a non-market transaction involving the transfer of assets between family-related accounts.
Positives
- The transaction represents a transfer of ownership within the reporting person's immediate family and affiliated entities rather than a divestment of interest in the company.
- The Chairperson maintains a significant long-term stake in the company through various holding vehicles.
Negatives
- None identified; this is a routine internal transfer of beneficial ownership.
Risks
- The value of the deferred stock units is tied to the future performance of Enact Holdings common stock.
Future Outlook
The deferred stock units are payable in shares of common stock one year after the termination of the reporting person's service as a director.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure regarding insider holdings and does not reflect a change in the company's operational or financial strategy.
Comparison to Industry Standards
- The filing adheres to standard SEC Section 16(a) reporting requirements for corporate insiders.
- The use of deferred stock units as a component of director compensation is consistent with industry practices for publicly traded financial services firms.
Related Party Transactions
- The transaction involves a gift of securities to the spouse of the Chairperson.
Stakeholder Impact
- Minimal impact on shareholders as the total beneficial ownership of the reporting person remains unchanged.
Next Steps
- The reporting person will continue to report changes in beneficial ownership as required by SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 2021-12-28 | Date of establishment for the Deborah Addesso Exempt Irrevocable Trust. |
| 2026-06-03 | Date of the reported gift transaction. |
| 2026-06-05 | Date of filing for the Form 4. |
Keywords
Enact Holdings, ACT, Form 4, Insider Trading, Dominic Addesso, Beneficial Ownership
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