Form 4: Enact Holdings Director Increases Stake Through Deferred Stock Unit Acquisition

Robert P. Restrepo Jr., a Director at Enact Holdings, Inc., has acquired additional deferred stock units, increasing his beneficial ownership.

Summary

• Robert P. Restrepo Jr., a Director of Enact Holdings, Inc. (ACT), acquired 186 Deferred Stock Units (DSUs) on June 4, 2025.
• These DSUs were acquired at a price of $0 and represent a future right to receive shares of Common Stock.
• An additional amount of DSUs was acquired due to reinvestment terms under the director award agreement, stemming from a dividend paid on June 11, 2025, at $0.21 per share.
• Following this transaction, Mr. Restrepo beneficially owns 30,210.457 derivative securities, specifically Deferred Stock Units.
• The Deferred Stock Units become payable in shares of Common Stock one year after the termination of service as a director.

Sentiment

Score: 7

Explanation: The acquisition of additional deferred stock units by a director, especially through dividend reinvestment, is generally viewed positively as it signals confidence in the company's future and aligns insider interests with shareholders. It's a routine compensation event but with a positive undertone.

Positives

• The acquisition of Deferred Stock Units by a director indicates continued alignment of interests between management and shareholders.
• The reinvestment of dividends into additional DSUs demonstrates confidence in the company's future performance and a long-term commitment from the director.

Future Outlook

The Deferred Stock Units acquired by the director will become payable in shares of Common Stock one year after the termination of his service as a director, aligning his long-term interests with the company's performance.

Industry Context

This Form 4 filing reflects a routine insider transaction where a director receives equity compensation. Such transactions are common in the financial services sector, particularly for companies like Enact Holdings, Inc., which operates in the mortgage insurance industry, as a means to align executive and director incentives with shareholder value.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) as a form of director compensation is a common practice across various industries, including financial services, aligning director interests with long-term company performance.
• The reinvestment of dividends into additional equity compensation is also a standard mechanism to further increase insider ownership and demonstrate commitment, comparable to practices at other publicly traded financial institutions.

Related Party Transactions

• The acquisition of Deferred Stock Units by Robert P. Restrepo Jr., a director of Enact Holdings, Inc., constitutes a related party transaction as it involves equity compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The increase in director ownership through DSUs can be seen as a positive signal, indicating alignment of interests and confidence in the company's long-term prospects.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The Deferred Stock Units will convert into shares of Common Stock one year after Robert P. Restrepo Jr. ceases to be a director.

Key Dates

Recommendation

Keywords

Enact Holdings, ACT, SEC Form 4, Insider Transaction, Deferred Stock Units, Director Ownership, Equity Compensation, Corporate Governance, Financial Services, Mortgage Insurance