Form 4: Enact Holdings Director Sheila Hooda Acquires Deferred Stock Units

Director Sheila Hooda acquired deferred stock units convertible to common stock in Enact Holdings, Inc.

Summary

• On May 16, 2024, Sheila Hooda, 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 represents a portion of the director's annual retainer fee.
• The price per share used to calculate the number of units was $30.687.
• Following the transaction, Hooda beneficially owns 24,705.605 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns incentives with shareholder value. There are no indications of negative events or concerns.

Future Outlook

The deferred stock units become payable in shares of common stock one year after termination of service as a director.

Industry Context

This is a standard Form 4 filing, reflecting a director's acquisition of stock units as part of their compensation, which is a common practice in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.

Key Dates