Form 4: Enact Holdings Officer Reports RSU Conversion

Enact Holdings' EVP & COO, Brian Gould, reported the conversion of restricted stock units and subsequent tax-related share disposition.

Summary

• Brian Gould, Executive Vice President & Chief Operations Officer of Enact Holdings, Inc. (ACT), reported transactions on February 20, 2026.
• These transactions involved the acquisition of 1,623 shares of common stock through the conversion of an equal number of Restricted Stock Units (RSUs).
• Concurrently, 462 shares of common stock were disposed of at a price of $41.43 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these reported transactions, Mr. Gould directly beneficially owns 34,049 shares of common stock.
• Additionally, Mr. Gould directly beneficially owns 3,241 Restricted Stock Units, which are scheduled to vest in future installments.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The officer continues to hold a significant number of common shares (34,049) and unvested Restricted Stock Units (3,241), indicating continued alignment of interests with shareholders.

Negatives

• A portion of shares (462) was sold to cover tax liabilities, which is a standard practice upon RSU vesting and not indicative of a negative outlook.

Future Outlook

Restricted Stock Units held by the reporting person are scheduled to vest and convert to Common Stock in three equal annual installments, with the first installment having occurred on February 21, 2026.

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU vesting and subsequent tax withholding are common components of executive compensation packages across various industries, reflecting a standard mechanism for equity-based incentives.

Stakeholder Impact

• Shareholders: A minor, routine change in the number of outstanding shares due to tax withholding, with no material impact.
• Employees (specifically Brian Gould): The transaction represents a realization of equity compensation, aligning the executive's interests with long-term company performance.

Next Steps

• Future annual installments of Restricted Stock Units will vest and convert to common stock.

Key Dates

Keywords

Enact Holdings, ACT, Form 4, insider transaction, restricted stock units, RSU, beneficial ownership, executive compensation