Form 4: Enact Holdings Director Michael A. Bless Acquires Deferred Stock Units

Director Michael A. Bless acquired 5,213.934 deferred stock units of Enact Holdings, Inc. as part of his annual retainer fee.

Summary

• On May 16, 2024, Michael A. Bless, 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 and was based on a price of $30.687 per share.
• Following the transaction, Bless beneficially owns 20,816.686 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.
• The deferred nature of the stock units incentivizes long-term commitment to the company.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates