Form 4: Enact Holdings EVP Brian Gould Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Chief Operations Officer of Enact Holdings, Brian Gould, reports changes in beneficial ownership of company stock due to vesting of restricted stock units and performance stock units.
Summary
- Brian Gould, EVP & Chief Operations Officer of Enact Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 14, 2025, Gould acquired 96 performance stock units and had 42 shares withheld to satisfy tax obligations related to these units.
- He also acquired 15, 22, and 27 restricted stock units related to dividend reinvestments.
- These restricted stock units vest in equal annual installments beginning on February 9, 2024, February 16, 2025 and February 21, 2026 respectively.
- Following these transactions, Gould directly owns 29,746 shares of common stock and various restricted and performance stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency regarding insider transactions.
- Executive compensation packages often include stock and option awards, aligning management's interests with those of shareholders.
- Dividend reinvestment programs are common, allowing employees to increase their stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It assures stakeholders that management's interests are aligned with theirs through equity ownership.
Key Dates
| Date | Description |
|---|---|
| February 9, 2024 | First vesting date for 15 Restricted Stock Units. |
| February 16, 2025 | First vesting date for 22 Restricted Stock Units. |
| February 21, 2025 | Record date for dividend related to Performance Stock Units. |
| March 14, 2025 | Date of transaction and payment date for dividend. |
| February 21, 2026 | First vesting date for 27 Restricted Stock Units. |
| March 18, 2025 | Date of signature for the Form 4 filing. |
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