Form 4: Enact Holdings Controller James McMullen Reports Stock Transactions
SEC Form 4 Filing
James McMullen, Controller of Enact Holdings, reports the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On February 11, 2025, James McMullen, Controller of Enact Holdings, had 879 restricted stock units vest and convert into common stock.
- McMullen then disposed of 299 shares of common stock at a price of $33.79 to satisfy tax withholding obligations.
- Following these transactions, McMullen directly owns 5,193 shares of Enact Holdings common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to vested equity compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/11/2023 | Beginning of the three-year vesting period for the Restricted Stock Units in equal annual installments. |
| 02/11/2025 | Restricted stock units vested and converted to common stock; shares disposed of to cover tax obligations. |
| 02/13/2025 | Date of signature for the Form 4 filing. |
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