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 disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 11, 2025, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., reported transactions involving Enact Holdings common stock.
- Derstine disposed of 2,864 shares to satisfy the vesting of restricted stock units.
- Additionally, 862 shares were withheld by the company to cover tax obligations at a price of $33.79.
- Following these transactions, Derstine directly owns 30,432 shares of Enact Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in company stock. This filing indicates routine transactions related to executive compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/11/2023 | Beginning of the three-year vesting period for restricted stock units. |
| 02/11/2025 | Date of transaction: vesting of restricted stock units and withholding of shares for tax obligations. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
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