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 and restricted stock units.
Summary
- On February 18, 2025, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, executed transactions involving Enact Holdings common stock and restricted stock units.
- Derstine acquired 2,449 shares of common stock through the vesting of restricted stock units.
- He also disposed of 703 shares to cover tax withholding obligations related to the vesting of these units at a price of $33.6 per share.
- Following these transactions, Derstine directly owns 32,178 shares of Enact Holdings common stock and 4,894 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of earliest transaction: Acquisition of common stock and disposal of shares for tax obligations. |
| 02/19/2025 | Date of signature on the report. |
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