Form 4: Enact Holdings EVP Michael Derstine Reports Stock Transactions
SEC Form 4 Filing
Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, reports the acquisition and disposal of common stock related to performance stock units.
Summary
- On February 24, 2025, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., reported transactions involving Enact Holdings common stock.
- Derstine acquired 17,236 shares of common stock through the settlement of Performance Stock Units (PSUs) that vested on February 24, 2025.
- Concurrently, Derstine disposed of 4,947 shares to satisfy tax withholding obligations at a price of $33.23 per share.
- Following these transactions, Derstine directly owns 40,717 shares of Enact Holdings common stock and 17,236 Performance Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is primarily related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-02-11 | Date Performance Stock Units were granted. |
| 2025-02-24 | Date of stock transactions (acquisition and disposal) and PSU vesting. |
| 2025-02-26 | Date of Form 4 signature. |
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