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

Director Sheila Hooda acquired 134 deferred stock units of Enact Holdings, Inc. on December 5, 2024, through a dividend reinvestment.

Summary

• Sheila Hooda, a director at Enact Holdings, Inc., acquired 134 deferred stock units on December 5, 2024.
• These units were acquired through a dividend reinvestment program at a price of $0.00 per unit.
• The dividend was paid at $0.185 per share.
• The deferred stock units will become payable in common stock one year after Ms. Hooda's service as a director ends.
• Following this transaction, Ms. Hooda directly owns 25,128.605 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's outlook.

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

This is a standard transaction for a director receiving compensation in the form of deferred stock units, which is common practice in public companies.

Comparison to Industry Standards

• The use of deferred stock units as part of director compensation is a common practice across many publicly listed companies.
• Companies like Fannie Mae and Freddie Mac also use similar compensation structures for their board members.
• The vesting period of one year after termination of service is also a typical arrangement to align director interests with long-term company performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of director compensation.

Key Dates

Keywords

Deferred Stock Units, Director, Dividend Reinvestment, Form 4, Enact Holdings, Sheila Hooda, Stock Acquisition