Form 4: Enact Holdings Director Dominic James Addesso Acquires Deferred Stock Units

Dominic James Addesso, a director at Enact Holdings, acquired deferred stock units representing a portion of his annual retainer fee.

Summary

• On May 16, 2024, Dominic James Addesso, a director and Chairperson of the Board at Enact Holdings, Inc., acquired 9,124.385 deferred stock units.
• These units represent a portion of his annual retainer fee.
• The price was calculated at $30.687 per share of Common Stock.
• The deferred stock units become payable in shares of Common Stock one year after termination of service as a director.
• Following the transaction, Addesso beneficially owns 43,835.357 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction related to director compensation, which is generally neutral to positive as it aligns director interests with the company's performance.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The transaction reflects ongoing compensation practices for board members.

Future Outlook

The deferred stock units will be converted to common stock one year after the director's service ends.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive and director compensation packages. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers, equity awards (like deferred stock units), and committee fees.
• The specific structure and value of these packages vary widely based on company size, industry, and individual director responsibilities.
• Comparing Enact Holdings' director compensation to peers in the mortgage insurance industry would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates