Form 4: Enact Holdings Executive Acquires Additional Restricted Stock Units Through Dividend Reinvestment

Evan Stolove, EVP, General Counsel & Secretary of Enact Holdings, Inc., acquired additional restricted stock units on June 11, 2025, through the reinvestment of quarterly dividends.

Summary

• Evan Stolove, Executive Vice President, General Counsel, and Secretary of Enact Holdings, Inc. (ACT), reported the acquisition of additional restricted stock units (RSUs).
• The transactions occurred on June 11, 2025, and were filed on June 13, 2025.
• A total of 86 restricted stock units were acquired across three different RSU grants (19, 30, and 37 units).
• These acquisitions were made pursuant to reinvestment terms in the restricted stock unit award agreements, resulting from a quarterly dividend of $0.21 per share paid on the same date.
• Following these transactions, Mr. Stolove beneficially owns 3,136, 4,952, and 6,014 restricted stock units for the respective grants.
• Each restricted stock unit will settle into shares of Issuer common stock on a 1:1 basis.
• The acquired RSUs are part of grants with vesting schedules beginning on February 9, 2024, February 16, 2025, and February 21, 2026, in three equal annual installments.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it reports a routine executive compensation event (dividend reinvestment). The acquisition of additional units by an executive can be seen as a minor positive, indicating continued alignment of interests and confidence in the company's dividend policy.

Positives

• The acquisition of additional restricted stock units by a key executive through dividend reinvestment indicates continued alignment of management's interests with shareholders.
• The company's payment of a $0.21 per share quarterly dividend suggests a stable financial position allowing for shareholder returns.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The filing is signed by Joe Jacumin, by power of attorney, on behalf of Evan Stolove.

Industry Context

This Form 4 filing details an executive's acquisition of restricted stock units through dividend reinvestment, a common practice in executive compensation and a mechanism for aligning management incentives with shareholder returns. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This filing reports a standard executive compensation event (dividend reinvestment into RSUs). Such mechanisms are common across publicly traded companies, particularly those that pay dividends, as a way to retain executives and align their long-term interests with shareholder value.
• No specific comparable companies, projects, or results are mentioned in the document to allow for a direct comparison of results.

Related Party Transactions

• The acquisition of restricted stock units by an executive (Evan Stolove) from the company (Enact Holdings, Inc.) through dividend reinvestment is a transaction between a related party and the issuer, consistent with established executive compensation plans.

Stakeholder Impact

• Shareholders: The dividend reinvestment by an executive aligns their interests with shareholders, potentially signaling confidence in the company's long-term value and dividend sustainability. The payment of a $0.21 quarterly dividend directly benefits shareholders.
• Employees: The transaction is specific to an executive's compensation and does not directly impact the broader employee base, though it reflects the company's compensation practices.

Next Steps

• The document does not explicitly state any future actions, events, or milestones beyond the vesting schedules of the restricted stock units.

Key Dates

Keywords

Enact Holdings, ACT, SEC Form 4, Restricted Stock Units, RSU, Dividend Reinvestment, Insider Transaction, Evan Stolove, Executive Compensation, Corporate Governance