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

Director Sheila Hooda reports acquisition of deferred stock units in Enact Holdings, Inc. through dividend reinvestment.

Summary

• On March 14, 2025, Sheila Hooda, a director of Enact Holdings, Inc., acquired 143 deferred stock units.
• These units were acquired through reinvestment terms under the director award agreement from a dividend paid on March 14, 2025, at $0.185 per share.
• The deferred stock units become payable in shares of Common Stock one year after termination of service as a director.
• Following the transaction, Hooda directly owns 25,271.605 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. The sentiment is neutral to slightly positive as it shows continued investment in the company's equity.

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 filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of compensation for board members. It reflects ongoing participation in the company's equity.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to align the interests of board members with those of long-term shareholders.
• The vesting and payout terms (one year after termination of service) are typical for such awards.
• Comparing Hooda's holdings and acquisition terms with those of directors at similar-sized insurance companies (e.g., MGIC Investment Corporation, Radian Group) would provide a benchmark for assessing the competitiveness and appropriateness of her compensation.

Stakeholder Impact

• The acquisition of deferred stock units by a director signals confidence in the company's future performance, which can positively influence shareholder sentiment.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates