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 vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On February 7, 2025, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., reported transactions involving Enact Holdings common stock.
- Derstine exercised 2,933 restricted stock units (RSUs) which converted into an equal number of common stock shares.
- Simultaneously, 998 shares were withheld by the company to satisfy tax obligations at a price of $33.91 per share.
- Following these transactions, Derstine directly owns 28,430 shares of Enact Holdings common stock and 2,914 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/09/2024 | Beginning of the three equal annual installments for Restricted Stock Units vesting. |
| 02/07/2025 | Date of transaction: exercise of restricted stock units and withholding of shares for tax obligations. |
| 02/11/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.