Form 4: Enact Holdings EVP Michael Derstine Reports Acquisition of Restricted Stock Units Through Dividend Reinvestment

Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., reports the acquisition of restricted stock units (RSUs) through dividend reinvestment.

Summary

• On September 9, 2024, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., acquired additional restricted stock units (RSUs) as a result of dividend reinvestment.
• These RSUs are tied to existing grants with various vesting schedules.
• A total of 131 RSUs were acquired related to a grant vesting on the third anniversary of September 15, 2021.
• An additional 15 RSUs were acquired related to a grant vesting in three equal annual installments beginning on February 11, 2023.
• Another 30 RSUs were acquired related to a grant vesting in three equal annual installments beginning on February 9, 2024.
• Finally, 38 RSUs were acquired related to a grant vesting in three equal annual installments beginning on February 16, 2025.
• The dividend was $0.185 per share, paid on September 9, 2024.
• Following these transactions, Derstine directly owns 25,347 RSUs related to the September 15, 2021 grant, 2,849 RSUs related to the February 11, 2023 grant, 5,816 RSUs related to the February 9, 2024 grant and 7,304 RSUs related to the February 16, 2025 grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The dividend reinvestment is a slightly positive signal, indicating confidence in the company's performance.

Positives

• The acquisition of RSUs through dividend reinvestment indicates a continued investment in the company by a key executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Dividend reinvestment plans are a common way for employees to increase their stake in the company.

Stakeholder Impact

• The acquisition of shares by a company executive can be viewed positively by shareholders, as it aligns management's interests with those of the shareholders.

Key Dates