Form 4: Enact Holdings EVP Michael Derstine Reports Stock Transactions
SEC Form 4
EVP and Chief Risk Officer of Enact Holdings, Michael Derstine, reports acquisition and disposal of common stock and derivative securities.
Summary
- On March 14, 2025, Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, reported transactions involving Enact Holdings common stock and derivative securities.
- Derstine acquired 96 performance stock units and disposed of 42 shares of common stock to satisfy tax obligations.
- The transactions also involved the acquisition of restricted stock units due to dividend reinvestments.
- Following the reported transactions, Derstine beneficially owns 33,771 shares of common stock, 2,931 restricted stock units vesting from February 9, 2024, 4,922 restricted stock units vesting from February 16, 2025, 5,977 restricted stock units vesting from February 21, 2026, and 96 performance stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements, but it details the vesting schedules for restricted stock units over the next few years.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| February 9, 2024 | First vesting date for 2,931 Restricted Stock Units in three equal annual installments |
| February 16, 2025 | First vesting date for 4,922 Restricted Stock Units in three equal annual installments |
| February 21, 2025 | Record date for dividend payment resulting in Performance Stock Units and withheld shares |
| March 14, 2025 | Date of transactions reported, including acquisition of Performance Stock Units and disposal of shares for tax obligations; Payment date for dividend |
| March 18, 2025 | Date of signature for the report |
| February 21, 2026 | First vesting date for 5,977 Restricted Stock Units in three equal annual installments |
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