Form 4: Enact Holdings Director Michael A. Bless Acquires Deferred Stock Units
SEC Form 4 Filing
Director Michael A. Bless acquired 85 deferred stock units of Enact Holdings, Inc. on March 13, 2024, through dividend reinvestment.
Summary
- On March 13, 2024, Michael A. Bless, a director of Enact Holdings, Inc., acquired 85 deferred stock units.
- These units were acquired through reinvestment of dividends paid on March 13, 2024.
- The price per share for the dividend reinvestment was $0.16.
- Following the transaction, Bless beneficially owns 15,602.752 deferred stock units.
- The deferred stock units become payable in shares of common stock one year after termination of service as a director.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (dividend reinvestment) by a company director, indicating stability and alignment of interests. It's a neutral to slightly positive signal.
Future Outlook
The deferred stock units will be converted to common stock one year after the director's service ends.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction signals continued director investment in the company, which can be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: Acquisition of deferred stock units and dividend payment date. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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