Form 4: Enact Holdings Controller Receives RSU Grant

Enact Holdings' Controller, James McMullen, was granted 2,599 restricted stock units, which will vest in three equal annual installments starting October 1, 2026.

Summary

• James McMullen, Controller of Enact Holdings, Inc. (ACT), acquired 2,599 Restricted Stock Units (RSUs).
• The transaction date for the RSU grant was October 1, 2025.
• Each restricted stock unit will settle into one share of Enact Holdings common stock.
• The RSUs will vest and convert to common stock in three equal annual installments, with the first installment beginning on October 1, 2026.
• The acquisition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction for the purchase or sale of equity securities.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the RSU grant aligns management incentives with shareholder interests, a common and generally well-regarded practice in corporate governance.

Positives

• The grant of Restricted Stock Units to a key officer like the Controller aligns management's interests with those of shareholders, encouraging long-term performance.
• The use of a Rule 10b5-1 plan demonstrates a pre-planned and transparent approach to insider equity transactions.

Future Outlook

The vesting schedule for the Restricted Stock Units indicates that James McMullen will acquire common stock over the next three years, starting October 1, 2026, contingent on continued employment and company performance.

Industry Context

The grant of Restricted Stock Units is a common form of executive compensation in publicly traded companies, designed to incentivize long-term performance and align management's financial interests with shareholder value. This practice is standard across various industries, including financial services.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the Controller's financial interests with long-term shareholder value, potentially leading to more focused decision-making for company growth.
• Employees: The compensation structure for key personnel, including equity grants, can influence overall employee morale and retention strategies.

Next Steps

• The Restricted Stock Units will begin to vest in three equal annual installments starting October 1, 2026, converting into shares of common stock.

Key Dates

Keywords

Enact Holdings, ACT, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Form 4, Rule 10b5-1