Form 4: Enact Holdings Executive Sells Shares to Cover Tax Obligations After RSU Vesting

Evan Stolove, EVP, General Counsel & Secretary of Enact Holdings, Inc., disposed of shares to cover tax obligations following the vesting of restricted stock units.

Summary

• On February 18, 2025, Evan Stolove, EVP, General Counsel & Secretary of Enact Holdings, Inc., executed transactions involving Enact Holdings, Inc. [ACT] common stock.
• Stolove disposed of 2,449 shares of common stock to settle restricted stock units (RSUs).
• Additionally, 703 shares were disposed of to satisfy tax withholding obligations at a price of $33.6 per share.
• Following these transactions, Stolove directly owns 25,547 shares of Enact Holdings, Inc. common stock.
• He also holds 4,894 restricted stock units.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are common across the financial industry, with companies like MGIC Investment Corporation (MTG) and Radian Group Inc. (RDN) also regularly reporting insider transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to routine executive compensation and tax obligations.

Key Dates