Form 4: Enact Holdings Director Dominic James Addesso Reports Acquisition of Deferred Stock Units

Dominic James Addesso, Chairperson of the Board at Enact Holdings, Inc., reported the acquisition of 191 deferred stock units on March 13, 2024, due to dividend reinvestment.

Summary

• On March 13, 2024, Dominic James Addesso, Chairperson of the Board at Enact Holdings, Inc., acquired 191 deferred stock units.
• These units were acquired through reinvestment terms under the director award agreement from a dividend paid on March 13, 2024, at $0.16 per share.
• 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 34,710.972 deferred stock units.
• The report was filed on March 15, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. It's a neutral event with a slightly positive implication for alignment of interests.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates