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 September 15, 2024, James McMullen, Controller of Enact Holdings, had 3,174 restricted stock units vest.
- These units converted into shares of common stock on a 1:1 basis.
- McMullen disposed of 4,900 shares.
- Additionally, 919 shares were withheld by the company at a price of $36.1 to cover tax obligations related to the vesting of the restricted stock units.
- Following these transactions, McMullen beneficially owns 3,981 shares of Enact Holdings.
- The restricted stock units vested on the third anniversary of the grant date, September 15, 2021.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 09/15/2021 | Grant date of the restricted stock units. |
| 09/15/2024 | Date of transaction: Restricted stock units vested, shares disposed of, and tax withholding occurred. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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