Form 4: Enact Holdings EVP Michael Derstine Sells 7,000 Shares
SEC Form 4 Filing
Michael Derstine, EVP and Chief Risk Officer of Enact Holdings, Inc., sold 7,000 shares of common stock at an average price of $33.77 on February 25, 2025.
Summary
- On February 25, 2025, Michael Derstine, the EVP and Chief Risk Officer of Enact Holdings, Inc., sold 7,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $33.77 per share, with individual transactions ranging from $33.23 to $33.94.
- Following the transaction, Derstine directly owns 33,717 shares of Enact Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider. It provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but it is a common occurrence and does not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Michael Derstine sold 7,000 shares of Enact Holdings, Inc. common stock. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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