Form 4: Enact Holdings Director Receives Deferred Stock Units
Statement of Changes in Beneficial Ownership
Dominic James Addesso, Chairperson of the Board at Enact Holdings, Inc., acquired 6,720.82 deferred stock units as part of his annual retainer.
Summary
- Dominic James Addesso, Chairperson of the Board at Enact Holdings, Inc., was granted 6,720.82 deferred stock units on May 13, 2026.
- The grant represents a portion of the director's annual retainer fee.
- The units were valued at $43.149 per share.
- These units are payable in shares of common stock one year after the termination of service as a director.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing regarding director compensation with no impact on company operations or financial strategy.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Value of deferred stock units is subject to future fluctuations in the company's common stock price.
Future Outlook
The deferred stock units will convert to common stock one year after the reporting person's service as a director terminates.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation, common among publicly traded financial services firms to ensure board alignment with long-term equity performance.
Comparison to Industry Standards
- The use of deferred stock units for director compensation is a standard practice among U.S. financial services companies to defer tax liabilities and align board incentives with long-term shareholder value.
Related Party Transactions
- The reporting person maintains indirect ownership through the Deborah Addesso Exempt Irrevocable Trust and D.J. Addesso Holdings, LLC.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation disclosure.
Next Steps
- The reporting person will hold these units until one year after their service as a director concludes.
Key Dates
| Date | Description |
|---|---|
| 2021-12-28 | Date of the Deborah Addesso Exempt Irrevocable Trust. |
| 2026-05-13 | Date of the transaction involving the acquisition of deferred stock units. |
| 2026-05-15 | Date of filing. |
Keywords
Enact Holdings, ACT, Form 4, Insider Trading, Director Compensation, Deferred Stock Units
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