Form 4: Enact Holdings Executive Acquires Additional Restricted Stock Units Through Dividend Reinvestment
SEC Form 4
Brian Gould, EVP & Chief Operations Officer of Enact Holdings, Inc., acquired additional restricted stock units (RSUs) through dividend reinvestment on June 13, 2024.
Summary
- On June 13, 2024, Brian Gould, the EVP & Chief Operations Officer of Enact Holdings, Inc., acquired additional restricted stock units (RSUs) due to dividend reinvestment.
- These RSUs will settle into shares of Enact Holdings common stock on a 1:1 basis.
- The acquisitions were made under the terms of the restricted stock unit award agreement, resulting from a quarterly dividend of $0.185 per share paid on June 13, 2024.
- Mr. Gould acquired 156 RSUs related to a grant vesting on September 15, 2024, increasing his holdings to 25,216 RSUs.
- He also acquired 18 RSUs related to a grant vesting annually from February 11, 2023, increasing his holdings to 2,834 RSUs.
- An additional 32 RSUs were acquired related to a grant vesting annually from February 9, 2024, increasing his holdings to 5,064 RSUs.
- Finally, 36 RSUs were acquired related to a grant vesting annually from February 16, 2025, increasing his holdings to 5,814 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation and dividend reinvestment. There are no explicit positive or negative implications.
Positives
- The executive's increased stake in the company through dividend reinvestment could be seen as a positive signal.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives, trade their company's stock or related securities. This filing indicates routine compensation and investment activity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| 09/15/2021 | Grant date for restricted stock units vesting on the third anniversary. |
| 02/11/2023 | Start date for annual vesting of some restricted stock units. |
| 02/09/2024 | Start date for annual vesting of some restricted stock units. |
| 06/13/2024 | Date of the transaction (acquisition of RSUs through dividend reinvestment). |
| 06/17/2024 | Date of the Form 4 filing. |
| 02/16/2025 | Start date for annual vesting of some restricted stock units. |
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