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 7, 2025, James McMullen, Controller of Enact Holdings, exercised 958 restricted stock units (RSUs) which converted into common stock.
- Following the vesting, McMullen disposed of 326 shares to satisfy tax withholding obligations at a price of $33.91 per share.
- After these transactions, McMullen directly owns 4,613 shares of Enact Holdings common stock and 943 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider transactions related to compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected in publicly traded companies. It provides transparency into the actions of company insiders but doesn't necessarily indicate a broader trend or signal for the industry.
Key Dates
| Date | Description |
|---|---|
| 02/09/2024 | Beginning of the three equal annual installments for Restricted Stock Units vesting. |
| 02/07/2025 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
| 02/11/2025 | Date of signature for the report. |
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