Form 4: Enact Holdings Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director Robert P Restrepo Jr. acquired deferred stock units in Enact Holdings, Inc. as part of his annual retainer fee.
Summary
- On May 16, 2024, Robert P Restrepo Jr., a director of Enact Holdings, Inc., acquired 5,213.934 deferred stock units.
- These units are payable in shares of common stock one year after termination of service as a director.
- The acquisition was part of the reporting person's annual retainer fee.
- The price was based on $30.687 per share of common stock.
- Following the transaction, Restrepo beneficially owns 24,705.605 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The deferred stock units will become payable in shares of common stock one year after termination of service as a director.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors. It is common practice for directors to receive stock-based compensation as part of their overall remuneration.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: acquisition of deferred stock units. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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