Form 4: Enact Holdings Director Sheila Hooda Reports Acquisition of Deferred Stock Units

Director Sheila Hooda acquired additional deferred stock units in Enact Holdings, Inc. through dividend reinvestment.

Summary

• On June 13, 2024, Sheila Hooda, a director of Enact Holdings, Inc., acquired 157 deferred stock units.
• These units were acquired through a dividend reinvestment at a price of $0.00.
• The dividend paid was $0.185 per share.
• Following the transaction, Hooda beneficially owns 24,862.605 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 sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend reinvestment. It's a routine transaction, but it signals confidence.

Positives

• The acquisition of deferred stock units through dividend reinvestment indicates a continued investment in the company by the director.

Future Outlook

The deferred stock units will be converted to common stock one year after termination of service as a director.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates