Form 4: Genworth Holdings Sells 577,361 Shares of Enact Holdings

Genworth Holdings, a major shareholder of Enact Holdings, sold 577,361 shares of common stock at an average price of $33.8708 per share.

Summary

• Genworth Holdings, Inc. sold 577,361 shares of Enact Holdings, Inc. common stock on March 31, 2025.
• The sale was executed at a price of $33.8708 per share.
• The transaction was conducted under a Share Repurchase Agreement dated May 1, 2024.
• Following the transaction, Genworth Holdings, Inc. still owns 122,173,805 shares of Enact Holdings, Inc., representing approximately 81% of the outstanding shares.
• The sale was reported on April 1, 2025, by Lisa J. Baldyga, Vice President and Treasurer on behalf of Genworth Holdings, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is part of a pre-existing agreement and doesn't necessarily indicate a change in Genworth's long-term view of Enact Holdings.

Industry Context

Share repurchase agreements are common mechanisms for companies to return capital to shareholders or manage their share count. Genworth's continued significant ownership suggests an ongoing strategic interest in Enact Holdings.

Related Party Transactions

• The sale of shares by Genworth Holdings, Inc. to Enact Holdings, Inc. under the Share Repurchase Agreement constitutes a related party transaction.

Stakeholder Impact

• The share repurchase may have a minor impact on Enact Holdings' earnings per share.
• The transaction provides liquidity for Genworth Holdings, a major shareholder.

Key Dates

Keywords

Enact Holdings, Genworth Holdings, Share Repurchase Agreement, Common Stock, Sale of Shares, Beneficial Ownership