Form 4: Enact Holdings Executive Boosts RSU Holdings

Enact Holdings' EVP, General Counsel & Secretary, Evan Stolove, increased his beneficial ownership of Restricted Stock Units through dividend reinvestment.

Summary

• Evan Stolove, Executive Vice President, General Counsel & Secretary of Enact Holdings, Inc. (ACT), acquired additional Restricted Stock Units (RSUs).
• A total of 77 RSUs were acquired on December 11, 2025, through dividend reinvestment.
• These RSUs were acquired at a price of $0 per unit, resulting from a quarterly dividend of $0.21 per share.
• The acquired RSUs are part of existing grants with varying vesting schedules: 17 units are part of a tranche that began vesting on February 9, 2024; 27 units are part of a tranche that began vesting on February 16, 2025; and 33 units are part of a tranche that began vesting on February 21, 2026.
• Following these transactions, Mr. Stolove beneficially owns a total of 14,256 Restricted Stock Units across these tranches (3,170, 5,006, and 6,080 units respectively).

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While a routine transaction, an executive increasing their holdings, even through dividend reinvestment, generally signals confidence in the company's future performance and aligns management's interests with shareholders.

Positives

• Increased insider ownership, as an executive acquired additional Restricted Stock Units, which can signal confidence in the company's future performance.
• The acquisition was through dividend reinvestment, indicating a commitment to long-term holding and participation in the company's dividend policy.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting schedules of the Restricted Stock Units.

Industry Context

Insider transactions, such as the acquisition of company stock or equity awards, are common and often viewed by investors as a signal of management's confidence in the company's prospects. Dividend reinvestment plans for equity awards are a standard practice in executive compensation.

Stakeholder Impact

• Shareholders: May view the executive's increased equity holdings as a positive sign of management's alignment with shareholder interests and confidence in the company's long-term value.

Next Steps

• The Restricted Stock Units will vest and convert to common stock in three equal annual installments, with the first installments for the respective tranches beginning on February 9, 2024, February 16, 2025, and February 21, 2026.

Key Dates

Keywords

Enact Holdings, ACT, Restricted Stock Units, RSU, Insider Transaction, Form 4, Dividend Reinvestment, Executive Compensation, Beneficial Ownership